$TRUMP Calls for U.S. Interest Rates to Fall to
1% After Fed Hike
President Donald Trump called for U.S.
interest rates to be cut to 1% or lower, just
about 2 hours and 38 minutes after the Fed
raised rates to a 3.75-4.00% range.
9 The demand highlights a wide gap with
the Fed's current stance. Most officials still
expect at least one more rate hike this year,
indicating monetary policy has not shifted
toward easing.
Trump later said he still has confidence
in Fed Chair Kevin Warsh, while criticizing
the Fed board as "hostile" and "political."
Warsh had earlier stressed that the Fed
would remain focused on its inflation
mandate.
#FedRateWatch #FedHikes25BpsUSStocksClose #ZcashRises6% #ZcashHoldersBackNU7Upgrade
1% After Fed Hike
President Donald Trump called for U.S.
interest rates to be cut to 1% or lower, just
about 2 hours and 38 minutes after the Fed
raised rates to a 3.75-4.00% range.
9 The demand highlights a wide gap with
the Fed's current stance. Most officials still
expect at least one more rate hike this year,
indicating monetary policy has not shifted
toward easing.
Trump later said he still has confidence
in Fed Chair Kevin Warsh, while criticizing
the Fed board as "hostile" and "political."
Warsh had earlier stressed that the Fed
would remain focused on its inflation
mandate.
#FedRateWatch #FedHikes25BpsUSStocksClose #ZcashRises6% #ZcashHoldersBackNU7Upgrade
