Powell: Trump's call for rate cut won't affect Fed

Odaily News Trump called Fed Chairman Jerome Powell a "major loser" last month for his refusal to immediately cut interest rates to cushion the blow of the trade war. When asked about Trump's request at a press conference, Powell refuted the president, saying that such pressure "really doesn't affect our work or what we're going to do." Powell said the Fed is focused on economic data and its dual mission. (Jinshi)