https://www.msn.com/en-us/money/mar...nterest-rate-rises/ar-BBMbvZi?ocid=spartandhp
U.S. President Donald Trump said on Monday he was "not thrilled" with the Federal Reserve under Chairman Jerome Powell for raising interest rates and said the U.S. central bank should do more to help him to boost the economy.
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American presidents have rarely criticized the Fed in recent decades because its independence has been seen as important for economic stability. Trump has departed from this past practice.
The president spooked investors in July when he criticized the U.S. central bank's over tightening monetary policy. On Monday he said the Fed should be more accommodating on interest rates.
"I'm not thrilled with his raising of interest rates, no. I'm not thrilled," Trump said, referring to Powell. Trump nominated Powell last year to replace former Fed Chair Janet Yellen.
U.S. stock prices dipped after Trump's comments to Reuters and the U.S. dollar edged down against a basket of currencies.
U.S. President Donald Trump said on Monday he was "not thrilled" with the Federal Reserve under Chairman Jerome Powell for raising interest rates and said the U.S. central bank should do more to help him to boost the economy.
…………
American presidents have rarely criticized the Fed in recent decades because its independence has been seen as important for economic stability. Trump has departed from this past practice.
The president spooked investors in July when he criticized the U.S. central bank's over tightening monetary policy. On Monday he said the Fed should be more accommodating on interest rates.
"I'm not thrilled with his raising of interest rates, no. I'm not thrilled," Trump said, referring to Powell. Trump nominated Powell last year to replace former Fed Chair Janet Yellen.
U.S. stock prices dipped after Trump's comments to Reuters and the U.S. dollar edged down against a basket of currencies.
