Trump says he’s ‘not thrilled’ with the Fed’s rate hikes
“President Trump criticized the Federal Reserve’s management of monetary policy in comments aired Thursday, breaking with normal protocol against the White House weighing in on the central bank’s affairs.
“I’m not thrilled” about the Fed’s recent interest rate increases, Trump said in an excerpt of an interview with CNBC.
“I’m not happy about it, but at the same time, I’m letting them do what they feel is best,” he added.
The Fed has raised its target interest rate twice this year, and is expected to raise rates this fall and winter. It’s justified slowly raising rates on the basis of keeping inflation in check.
Trump, though, suggested that he sees the Fed’s management of monetary policy as at odds with his attempts to boost the economy by renegotiating trade terms with China and other countries.
“I don’t like all of this work that we’re putting into the economy, and then I see rates going up,” he said.”
Utah Standard News depends on the support of readers like you.
Good Journalism requires time, expertise, passion and money. We know you appreciate the coverage here. Please help us to continue as an alternative news website by becoming a subscriber or making a donation. To learn more about our subscription options or make a donation, click here.
To Advertise on UtahStandardNews.com, please contact us at: ed@utahstandardnews.com.
Comments - No Responses to “Trump says he’s ‘not thrilled’ with the Fed’s rate hikes”
Sure is empty down here...