Trump calls off stimulus talks, Fed says recovery faster with aid

Washington (AFP) – President Donald Trump on Tuesday called off talks on a new stimulus plan to juice the Covid-ravaged US economy until after the election, sending Wall Street plunging and upending recent progress made in the long-delayed negotiations.The Tuesday afternoon tweet undid optimism that had developed in recent days after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin resumed talks on a follow-up measure to the $2.2 trillion CARES Act passed to blunt the coronavirus downturn.Federal Reserve Chair Jerome Powell had earlier on Tuesday called again for additional spe…

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HEDGE accordingly