<p class="title">President Donald Trump on Wednesday yet again ripped into the Federal Reserve, saying its quarter point rate cut was still not enough.</p>.<p class="bodytext">"Jay Powell and the Federal Reserve Fail Again. No 'guts,' no sense, no vision! A terrible communicator!" Trump tweeted.</p>.<p class="bodytext">The Fed committee led by Jerome Powell moments earlier had lowered the <a href="https://www.deccanherald.com/business/business-news/us-fed-cuts-key-interest-rate-by-a-quarter-point-762401.html" target="_blank">target rate of 1.75 to 2.0 per cent</a>, as had been expected.</p>.<p class="bodytext">Trump has heaped unprecedented political pressure on the central bank and Powell in particular through repeated angry statements and sometimes crude insults about the policy makers' intelligence.</p>.<p class="bodytext">The president argues that interest rates should have been cut long ago and should now be reduced sharply to compete with other countries that have lower rates.</p>
<p class="title">President Donald Trump on Wednesday yet again ripped into the Federal Reserve, saying its quarter point rate cut was still not enough.</p>.<p class="bodytext">"Jay Powell and the Federal Reserve Fail Again. No 'guts,' no sense, no vision! A terrible communicator!" Trump tweeted.</p>.<p class="bodytext">The Fed committee led by Jerome Powell moments earlier had lowered the <a href="https://www.deccanherald.com/business/business-news/us-fed-cuts-key-interest-rate-by-a-quarter-point-762401.html" target="_blank">target rate of 1.75 to 2.0 per cent</a>, as had been expected.</p>.<p class="bodytext">Trump has heaped unprecedented political pressure on the central bank and Powell in particular through repeated angry statements and sometimes crude insults about the policy makers' intelligence.</p>.<p class="bodytext">The president argues that interest rates should have been cut long ago and should now be reduced sharply to compete with other countries that have lower rates.</p>