Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

Trump Pressures Fed for More Rate Cuts as Mega-Banks Drain the Balance SheetU.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed for the lack of liquidity in the repo market’s cash reserves, […]

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