TheWorldNewsOrg
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Oh Boy! Oh Boy! Ahm a gonna be RICH!
TheWorldNewsOrg replied to James Thomas Rook Jr.'s topic in Jehovah’s Witnesses's Topics
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The Federal Reserve Bank of the United States of America
TheWorldNewsOrg replied to a topic in Topics
Trump Lashes Out at the Fed The Trump administration: Busting norms since ‘17. When asked about the Fed rolling back its years-long low interest rate policy, President Trump told CNBC: "I don't like all of this work that we're putting into the economy and then I see rates going up." For perspective: Trump's comments came out of left field, if presidential history is any indicator. For 20+ years, the White House has abstained from commenting on Fed policy to allow the bank to remain nonpartisan. But the Fed's decision to temper too-hot growth with rate hikes (five since Trump took office) has shaken the president's confidence. The bad: The dollar handed over earlier gains and Treasury yields sank. The good: Trump said he wouldn't interfere with the Fed—"I'm letting them do what they feel is best." That said, this isn't the first time Trump's raised a red flag on monetary policy. As a candidate in 2016 he said, "When they raise interest rates, you're going to see some very bad things happen." -
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