WASHINGTON: After three interest rate cuts and a fresh round of record highs for U.S. stock markets, has President Donald Trump lost interest in the Federal Reserve?
That contrasts with what happened in the summer and early fall, when the Fed was still debating whether to cut rates at all, and at what pace. "The Fed should lower rates and loosen making us competitive with other nations and manufacturing will SOAR! Dollar is very strong relative to others," he tweeted on Dec. 2.
"If goals align, then maybe they reach a meeting of minds because of shared interest," in keeping the economic expansion underway, he said. "When the Fed is this certain about policy they are usually wrong," Blitz wrote in a note after the Fed meeting this week."The question ... for 2020 is not whether there will be a policy move, but in which direction."