๐บ๐ธ White House and the Fed are now working with completely opposite ideas on interest rates.
Fed:
- Raised rates to 3.75%-4.00% in September, and every voting member backed it
- Most officials expect another hike by year-end
- Inflation (PCE) was 3.8% in August
Trump:
- "We should have the lowest interest rate in the world"
- "You have a board that would like to see the country do badly"
Fed:
- Raised rates to 3.75%-4.00% in September, and every voting member backed it
- Most officials expect another hike by year-end
- Inflation (PCE) was 3.8% in August
Trump:
- "We should have the lowest interest rate in the world"
- "You have a board that would like to see the country do badly"
