Prior to the next interest rate decision from the US Central Bank’s President, Donald Trump has not appealed to the Federal Reserve, to increase the Rate. It was “incredible” that the Fed is considering such a step “at all,” wrote Trump on Monday in the short message service Twitter.
It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China is way down, the Fed is even considering yet another interest rate hike. Take the Victory!
— Donald J. Trump (@realDonaldTrump) 17. December 2018,
As the arguments against an increase in interest rates called the US President that the Dollar was “very strong”, there was “virtually no Inflation” and “the world around us in the air flying”. As an example of international crises Trump argued that “Paris is burning”, i.e. the riots in France. He also pointed to the sharp slowdown in the growth of the Chinese economy.
is The interest policy responsible open market Committee of the Fed meets on Tuesday to a two-day meeting. Their interest rate decision will be announced by the Central Bank on Wednesday afternoon (local time). It is expected that the key interest rate is again increased moderately.
The Fed has raised the interest rate three Times this year easily. He is currently at a level of between 2.0 to 2.25 percent. Trump has the Central Bank and its chief Jerome Powell due to increases in interest rates, repeatedly criticized hard – which is due to the independence of the Central Bank of the government is highly unusual.
In October, Trump said that the Central Bank had become “crazy” and “too aggressive”. At the end of November, the President of the self-nominated Fed Director said he was “not even a little bit satisfied” with Powell. (AFP)
Created: 18.12.2018, 07:16 PM
