If the Fed chairman were to continue to show an openness to possibly cutting interest rates, Cashin reasoned that such a signal would give the president more leverage with China.
If Powell were to continue to show an openness to possibly cutting interest rates, Cashin reasoned Thursday that such a signal would give Trump more leverage with China.
Success in getting American and Chinese negotiators back to the table to try to end the nearly yearlong trade dispute rests with Trump and Chinese PresidentCashin suggested the president might feel more comfortable pressing for "a bit tougher" trade deal with China, knowing a rate cut could help support the U.S. economy in the event that talks remained stalled.
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