President Trump renews attack on Federal Reserve, calling for the central bank to slash rates by one full percentage point.
President Donald Trump renewed his attack on the Federal Reserve on Monday, berating his appointee, Fed Chairman Jerome Powell, for a"horrendous lack of vision" and calling for the central bank to slash rates by one full percentage point.
The president's comments are the latest in a long line of attacks on the Fed — an independent agency that, like other central banks around the world, is insulated from short-term political interests — and its key decision-makers, several of whom are his own appointees. Trump has expressed increasing frustration with the Fed, which has raised rates seven times during his presidency. With the economy as the central focus of his re-election campaign for 2020, Trump is keen to keep the economy on an even keel.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Trump complains again about Fed Chair Powell, says he lacks 'vision'President Donald Trump on Monday criticized Fed Chairman Jerome Powell ahead of the central banker's highly anticipated speech later this week. In a series...
Baca lebih lajut »
Trump 'damaging' our democracy with baseless voter fraud claims, Federal Election Commission chair warns'There is no evidence of rampant voter fraud in 2016, or really in any previous election,' Ellen Weintraub said.
Baca lebih lajut »
Fed Chair Jerome Powell is giving a speech this week, and traders will be listening closely for any hints of further interest-rate cutsThe Federal Reserve trimmed interest rates for the first time in a decade last month, and traders are hungry for more cuts.
Baca lebih lajut »
Trump says Fed should cut rates by at least 1% 'with perhaps some quantitative easing'The president said the Fed has been hampered by a 'horrendous lack of vision' and said it should institute 100 basis points worth of reductions in its benchmark rate.
Baca lebih lajut »
1 Photographer's Powerful Photo Will Inspire Moms Everywhere, Regardless How Their Baby Is FedThis photographer is spreading a message that all moms need to hear. FedIsBest
Baca lebih lajut »