The Fed chair signaled the central bank will stand pat on borrowing costs despite President Trump’s trade fight. Investors and the president aren’t happy.

Jay Powell, the Fed chair, essentially told jittery investors: You’re on your own, for now.Kamil Krzaczynski/Agence France-Presse — Getty Images“A difficult place”

Volatility has been a near-daily feature of President Trump’s trade war. And Thursday morning is no exception as the president escalates his feud with the Fed.

The latest beef started on Wednesday. Investors learned that the Fed was in no rush to bail out their battered portfolios even as Jay Powell, the central bank’s chair, warned that tariffs could make things worse for the economy.

With Powell signaling that the central bank won’t intervene any time soon to buoy asset prices — known in market-speak as the “Fed put” — stocks fell sharply. But investors

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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