The Fed took a pause on interest rate hikes, which would seem to satisfy President Donald Trump if not for the reasons that are driving the move.
div > div.group > p:first-child"> The move announced Wednesday should please President Donald Trump, who has repeatedly urged the U.S. central bank to hit the brakes on rate hikes. But he may not like the Fed's caution when he sees the factors driving it.
They also suggested no rate increases would come this year — after indicating in December that two could take place. "The only problem our economy has is the Fed," he wrote in a tweet."They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can't score because he has no touch - he can't putt!"Now, Trump may find different reasons to criticize the Fed, even as it puts a hold on interest rates.
The White House did not immediately respond to a request to comment on the central bank cutting its GDP outlook.
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