The American President Donald Trump has attacked the American Central Bank, the Fed repeated fiercely. An interest-rate increase next week would be unwise, Trump said Tuesday in an Interview with Reuters. “I think that would be foolish, but what can I say?” added of the Republicans. He need the flexibility of low interest rates to support the American economy in the trade dispute with China.
Trump himself had nominated Fed Chairman Jerome Powell, a year ago for the top post at the Central Bank. The American President has criticized the Fed in the past few months. Because of their tighter monetary policy, he had explained the Fed’s “crazy” and “ridiculous”.
Because the Fed has largely achieved their aims, elevates you now a step-in basis, interest rates to keep inflation in check. The American Central Bank controls on 19. December, its fourth interest rate increase this year.