Trump Demands Fed Help on Economy, Complains About Interest Rate Rises

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Trump Demands Fed Help on Economy, Complains About Interest Rate Rises – Reuters

US President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy.

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Maduro Orders 96 Percent Devaluation in Hyperinflation-Stricken Venezuela

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Maduro Orders 96 Percent Devaluation in Hyperinflation-Stricken Venezuela – Reuters

Venezuela’s president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist government’s petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country.

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