This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
President Donald Trump, on Tuesday last week once again expressed his displeasure with the Federal Reserve. In an interview last week, Trump said that the Fed is hiking interest rates too fast.
At the same time, the President said that he didn’t want the economy to slow even a little bit. He said that there were no signs of inflation that could warrant a rate hike.
“I think we don’t have to go as fast,” the President said when asked about the Fed raising interest rates. The President said that he did not speak to the Federal Reserve Chair, Jerome Powell.
The Federal Reserve Bank hiked interest rates by 25 basis points at its meeting in September. It also raised the expectations for economic growth for this year and the next.
The move was widely criticized by the President who expressed concerns that the Fed was hiking rates while there was more that could be done with the money.
Trump is one of the first Presidents to directly talk about the Federal Reserve, un...
To keep reading this article, please navigate to: Orbex Forex Trading Blog.