Powell says exactly what Wall Street wants to hear as Trump provokes soybean battle with China | NYGazet

Jerome Powell’s dovish tone calmed Wall Street, but Trump’s fresh China threat over soybeans reignited trade war fears and rattled investors.

At a meeting of the National Association for Business Economics, in Philadelphia, yesterday afternoon the Fed chairman said that in the absence of government data, federal reserve bank and private data is being used to monitor the economy. The result... [4708 chars]