Trump’s distaste for hikes and EU fines, Bernanke’s crash warnings and China’s currency retaliation

1 big thing: Trump lambasts Fed rate hikes
In an interview with CNBC, US President Donald Trump said “I’m not thrilled,” with the Fed's monetary policy. He continued by saying, “because we go up and every time you go up they want to raise rates again. I don’t really - I am not happy about it. But at the same time I’m letting them do what they feel is best.”

Trump's view: “I don’t like all of this work that we’re putting into the economy and then I see rates going up”. He said Trump that his concern was that Fed hikes could "disadvantage" the US since the Bank of Japan and the European Central Bank were maintaining loose monetary policy.

Between the lines: Trump never questioned the Fed's independence. In fact, Trump specifically said he is letting the Fed do as it feels best. The White H...


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