decision wednesday: The Fed has not raised the key rate this year and in fact signaled clearly that it will hold off on any further moves while it evaluates the U.S. economy and is widely expected to stand firm in its decision Wednesday, according to The Japan Times. The central bank has tightened policy nine times since December 2015, moving from zero in the aftermath of the global financial crisis to the current range of 2.25 percent to 2.5 percent. In a Twitter outburst on the first day of a two-day central bank meeting to decide the course of monetary policy, Trump said, We have the potential to go up like a rocket if we did some lowering of rates, like one point. ; He said China is boosting its economy by keeping rates low, but Our Federal Reserve has incessantly lifted interest rates, even though inflation is very low. Trump has repeatedly ignored norms designed to protect the Fed's independence from political influence, which could undermine its credibility, although other White House officials have been more cautious. Trump and his economic team have promised that tax cuts and deregulation will accelerate economic growth to three or even four percent but economists say that is unlikely, especially as the U.S. trade war with China and others has dampened business confidence and investment. Yes, we are doing very well at 3.2% first quarter GDP, but with our wonderfully low inflation, we could be setting major records & at the same time make our National Debt start to look small! Trump tweeted.
(news.financializer.com). As
reported in the news.
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