Trump: Interest Rates and Decades

trump: In an exclusive interview with Reuters, Trump said late on Monday he was not thrilled with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the Fed should do more to help him to boost the economy, according to Nine News Australia. American presidents have rarely criticised the Fed in recent decades because its independence has been seen as important for economic stability. To improve your experience update it here News World Trump's Fed attack sees US dollar dive7 52pm Aug 21, comments by US President Donald Trump about the country's central bank have held back some stocks while the US dollar fell for the fourth consecutive day in its worst spell since March. The Fed is independent in setting monetary policy and markets were spooked by yet another comment from Donald Trump criticising higher interest rates, said Artjom Hatsaturjants, an analyst at Accendo Markets. It has now fallen 1.2 per cent in the last four days, its worst such run since late March. The dollar index, which tracks performance against a basket of six major currencies, fell 0.35 per cent on Tuesday. (news.financializer.com). As reported in the news.