President Hints at Trade War if Fed Doesn’t Cut Rates - The MortgagePoint
4 Articles
4 Articles
Donald Trump discovers an astounding leverage against the Federal Reserve. If they don't lower interest rates, countries will be punished with a trade boycott.
President Hints at Trade War if Fed Doesn’t Cut Rates - The MortgagePoint
President Trump called on the Federal Reserve to lower interest rates last week after the August jobs report came in stronger than expected, threatening to cut off trade with several countries if the central bank doesn’t budge. President Trump called on the Federal Reserve to lower interest rates last week after the August jobs report came in stronger than expected, threatening to cut off trade with several countries if the central bank doesn’t …
The possibility of raising interest rates at the planned Fed Monetary Policy Meeting (Central Bank of America) in less than two weeks returned to the spotlight after a strong job report on Friday showed that employers added more than three times more jobs than expected in August, with large numbers of workers returning to the labour market.
With the market viewing President Trump's post as increasing the likelihood of an interest rate hike, Kevin Wash, the president's nominee for the Federal Reserve Chairman position, is in a difficult position ahead of this month's policy meeting.
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