The Federal Reserve has dismissed Donald Trump's call for a cut in interest rates to help the US economy.
The US central bank left its benchmark rate in a target range of 2.25%-2.5% following the latest policymaker meeting and maintained guidance that it was likely to remain on hold this year. Its statement said that while some domestic and international risks had eased - inflation remained stubbornly low.
It pointed to an annual rate of 1.5% in its preferred measure when its target is 2%, with some of the weakness down to lower oil costs that were now leaving the calculations as global prices rose again. Low inflation makes the prospect of a rate cut the most likely next move - to help stimulate price growth rather than depress it through a rate increase.At a news conference, Fed chair Jay Powell admitted the path for rates was finely balanced.Earlier this year he shifted guidance away from the prospect of a rate hike, citing an easing in growth domestically, in China and in Europe.
Even a 1% cut would be nice...
Although they were right to ignore him, it wasn’t really a plea, was it?
More Correct, 'The Trump White House', The Director of the National Economic Council, Larry Kudlow is of the same view.
IGNORE HIM END OF 😬
America even tried to start a war in Venezuela to insure the arm trade and the economical status. When ever a war is begun by America these days, most of the times it is begun because of money. Fortunately China has many peace keepers.
Just so everyone knows: THE PRESIDENT IS NOT SUPPOSED TO SUGGEST, TWEET, CALL, EVEN SPEAK ABOUT ANYTHING CONCERNING THE FED INTEREST RATES
Audit the Fed
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: The Guardian - 🏆 84. / 53 Read more »