Money

Trump slams Fed for ‘incessantly’ raising interest rates

President Donald Trump slammed the Federal Reserve on Tuesday for “incessantly” raising interest rates and said cutting rates by a full point would make the economy surge.

By Agence France-Presse

President Donald Trump slammed the Federal Reserve on Tuesday for “incessantly” raising interest rates and said cutting rates by a full point would make the economy surge.

Under Donald Trump, Fed faces politicization

In a Twitter outburst on the first day of a two-day central bank meeting to decide the course of monetary policy, Trump said, “We have the potential to go up like a rocket if we did some lowering of rates, like one point.”

No Fed hike this week but don’t rule out more in 2019: economists

He said China is boosting its economy by keeping rates low, but “Our Federal Reserve has incessantly lifted interest rates, even though inflation is very low.”

White House wants Fed to cut rates: advisor

The Fed has not raised the key rate this year and in fact signaled clearly that it will hold off on any further moves while it evaluates the US economy and is widely expected to stand firm in its decision Wednesday.

US Fed: ‘can afford to be patient’ on rate hikes

The central bank has tightened policy nine times since December 2015, moving from zero in the aftermath of the global financial crisis to the current range of 2.25 percent to 2.5 percent.

US Fed now expects no rate hikes in 2019

Trump has repeatedly ignored norms designed to protect the Fed’s independence from political influence, which could undermine its credibility, although other White House officials have been more cautious.

Trump downbeat on Fed as markets nosedive

“Yes, we are doing very well at 3.2% (first quarter) GDP, but with our wonderfully low inflation, we could be setting major records & at the same time make our National Debt start to look small!” Trump tweeted.

Fed chief says Trump can’t fire him

Trump and his economic team have promised that tax cuts and deregulation will accelerate economic growth to three or even four percent but economists say that is unlikely, especially as the US trade war with China and others has dampened business confidence and investment.

The Fed’s balance sheet puzzle: Trump fumes over $50B monthly bond purchases to push interest rates up

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