US President Donald Trump intensified his criticism of the Federal Reserve after producer prices unexpectedly fell in August, fueling his demand for an immediate rate cut. He attacked Fed Chair Jerome Powell, calling him a ‘total disaster’ who doesn’t have a clue. The drop in wholesale prices has increased expectations that the Fed might cut interest rates next week. Post navigation Industrial boost: Vedanta in process of land acquisition for 3 MTPA smelter; aluminium park in Jharsuguda also on cards Jharkhand High Court raps govt for delay in municipal polls, issues contempt notice to top IAS officers
