Article
Trump Again Calls for Interest Rates to Fall to 1% or Lower; Federal Reserve Emphasizes Inflation Risks and Raises Rates
PANews, September 23, according to Reuters, U.S. President Trump recently again called for U.S. interest rates to be reduced to 1% or even lower, a target currently publicly advocated only by himself. Meanwhile, the Federal Reserve has taken the opposite stance, raising the target range for the federal funds rate to 3.75%-4.00%. The disagreement over the interest-rate path is becoming one of the most visible conflicts between the White House and Federal Reserve policy frameworks. After the Federal Reserve's September rate hike, Trump said U.S. interest rates “should be 1% or lower,” citing the United States' best credit in the world and an economy increasing investment. He believes lower financing costs could further spur business investment, reduce government debt costs, and strengthen U.S. economic competitiveness. However, Federal Reserve officials reached an entirely different conclusion. Boston Fed President Collins said she supported the rate hike and warned that future inflation could be “materially above” the 2% target level. ...
(Click the link below to read the full article) 🔗 https://www.panewslab.com/zh/articles/01a0ce22-0d99-754d-839a-d338f25710db