SINGAPORE (Aug 26): US President Donald Trump urged the US Federal Reserve this past week to cut interest rates by at least 100 basis points and pursue quantitative easing. With the 2020 US presidential election on the horizon, Trump has a strong incentive to browbeat the Fed into keeping monetary policy as loose as possible and stave off any hint of an economic slowdown in the US. For equally self-serving reasons, I hope the Fed ignores Trump.

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