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Wednesday, 12 December 2018 11:00

Trump says Fed shouldn't hike rates

Trump says Fed shouldn't hike rates

U.S. President Donald Trump said to Reuters in an interview on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank, Caspian Energy News (www.caspianenergy.net) reports with reference to Reuters.

Trump said he needed the flexibility of lower interest rates to support the broader U.S. economy as he fights a growing trade battle against China, and potentially other countries.

 “You have to understand, we’re fighting some trade battles and we’re winning. But I need accommodation too,” he said.

When asked whether he was concerned there might be a recession when he was running for re-election in 2020, Trump noted that other factors in the world could affect the economy, including Britain’s plans to leave the European Union, known as Brexit, and the unrest in France.

More details: https://www.reuters.com/article/us-usa-trump-fed-exclusive/exclusive-trump-says-it-would-be-foolish-for-fed-to-raise-rates-next-week-idUSKBN1OB02Y?feedType=RSS&

Person in charge of the newsline: Olga Nagiyeva 

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