Post by bot on Jul 20, 2018 15:11:06 GMT -5
Trump worried Fed will hike twice more this year: CNBC
President Donald Trump's criticism of Federal Reserve interest-rate policy stems, in part, from his concern the central bank will follow through on its projections for two additional quarter-point moves this year, CNBC reported, citing an unidentified White House official. On the other hand, the official said White House aides are less concerned and have told the president that two more rate hikes won't cool down the economy to such a degree that it will be a political problem for the president or the economy going into the midterm election, the report said.
President Donald Trump's criticism of Federal Reserve interest-rate policy stems, in part, from his concern the central bank will follow through on its projections for two additional quarter-point moves this year, CNBC reported, citing an unidentified White House official. On the other hand, the official said White House aides are less concerned and have told the president that two more rate hikes won't cool down the economy to such a degree that it will be a political problem for the president or the economy going into the midterm election, the report said.
