Trump calls Fed & # 39; most difficult problem & # 39; against the United States
Robust job growth sparks debate over Fed's next move
Karen Kerrigan, Fairfax Global Markets CEO Paul Dietrich and Fifth Third Bank chief investment strategist Jeff Korzenik discuss whether the Federal Reserve will cut prices in 2019. [19659003] President Trump again Following the Federal Reserve again Friday night, the US central bank lambasting as the "most difficult problem" facing the country.
"They traveled too fast, too often and tightly while others just did the opposite," Trump wrote in a tweet. "In addition to making the day after the big choice, when the market shot up, it could have been even better ̵[ads1]1; massive extra wealth would have been created and used very well. Our hardest problem is not our competitors, it's the Federal Reserve! "
The president has repeatedly urged the US central bank to lower the benchmark's federal interest rate – although Fed-makers voted to raise interest rates four times in 2018, in a current range between 2.25 percent and 2.50 percent, prices are still historically low. 19659006] MORE FROM FOXBUSINESS.COM …
Trump hasn't separated from criticizing both the Fed and his leader, Jerome Powell, as he hand-picked over a year ago. In early June, Trump doubled its attacks and blamed it for raising prices too fast and adding "ridiculous quantitative tightening."
Lately, at the June meeting, the Fed suggested that there was a political recommendation meeting on the possibility of a July price decline, but noted that it was ultimately dependent on uncertainty about the US and China trade war, as well as persistent subdued inflation. 19659004] A better than expected June job report – analysts expected the US economy to add 160,000 jobs; Instead, it created a total of 2240,000 – apparently halted by the hope of an immediate fall in prices (although traders continue to appreciate in a 100 percent chance that decision-makers voted to ease monetary policy during the July meeting.)
"A 25 base point insurance is still on the table in July but beyond that the NAFCU sees no reason to expect more relief this year, says Curt Long, chief economist at the National Association of Federally-Insured Credit Unions.
Powell is slated to testify to Capitol Hill before House Financial Services Committee Wednesday and Senate Banking Committee Thursday, where he is expected to shed light on Fed's interest rate policy.
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