Trump asks Fed for 'big cut' after Australia slashes rates on coronavirus impact

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Trump asks Fed for 'big cut' after Australia slashes rates on coronavirus impact
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The Australian central bank cut rates to record lows and noted the impact of the coronavirus outbreak.

to deliver some major policy easing measures, after the Australian central bank cut rates to record lows and noted the impact of the coronavirus outbreak.

Within hours the U.S. president responded on Twitter, saying the U.S. central bank's chairman had "called it wrong from day one." "Tough on our exporters and puts the USA at a competitive disadvantage. Must be the other way around. Should ease and cut rate big," he added.

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