The White House probably won’t be happy with the Fed's interest rate decision

Officials on the Federal Open Market Committee have signaled they likely won't adjust interest rates for the rest of the year. Yet President Donald Trump and administration officials have repeatedly called for a rate cut as they seek to offer the economy a boost ahead of the 2020 elections.that the economy would"go up like a rocket if we did some lowering of rates.

The Federal Reserve operates independent of political interests, but the president has long lashed out against policies he views as a hindrance to growth. Those broadsides have grown louder in recent months. "Mr. Trump has been attacking the Fed's actions with more vitriol than any previous president in memory," Steven Rattner, a Wall Street financier who was an adviser during the Obama administration, wrote Monday in a New York Times op-ed.

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White House economic advisor Larry Kudlow says Fed should still cut rates despite 3.2% GDP growthThe U.S. economy is off to its best start to a year since 2015 and White House economic adviser Larry Kudlow believes it means the Federal Reserve should cut interest rates. Kudlow the Klown. Working for Donnie the Dufus.
Source: CNBC - 🏆 12. / 72 Read more »