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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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.