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Trump: There is a 5-50 chance of a deal with the EU. Powell may be ready to cut rates

Pres. Trump is speaking and says:

  • There is a 50-50 chance of a deal with the EU
  • I got the impression that Powell may be ready to lower rates
  • Most deals will be done by August 1
  • We have the confines of a deal with China
  • On Canada, could just be a tariff, not a negotiation.
  • Some of the deals will be down by letter

The Fed earlier today released a statement saying they appreciated the visit from the president in so many words. Pres. Trump has also seemed to have dialed down his criticism after the meeting.

Other comments:

  • On the US dollar, will never say I want a weak currency
  • On Hamas, I think they are going to be “hunted down”

This article was written by Greg Michalowski at investinglive.com.

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