Trump Again Blasts Fed For 'Even Considering' Rate Hike

Trump Again Blasts Fed For 'Even Considering' Rate Hike

Trump Again Blasts Fed For 'Even Considering' Rate Hike

Powell caused the stock market to rally November 28 when he added that he thought the Fed had taken rates to "just below" the so-called neutral rate of interest, which is a "Goldilocks" level that doesn't stimulate or contract growth.

The policymakers will start their two-day policy meeting on Tuesday.

President Donald Trump has repeatedly criticized the Fed for raising rates, saying its strict stance could deal a blow to the economy.

"Take the Victory!" he added.

Lawrence White, an economics professor at New York University's Stern School, said he expects the Fed to remain mindful of the mistakes of the 1970s, when officials allowed inflation to erupt, requiring sharply higher interest rates and a painful recession to root out.

Still, a slight majority of respondents, at 53 percent, said they have faith in the Fed to make the right decisions on rates, the survey said. However, the USA economy grew an annualized 3.5% in the third quarter, unemployment is now at a 50-year low, and inflation is near target.

Amid brisk economic expansion after a decade of steady job growth, U.S. unemployment is flirting with a 50-year low, but the USA economy is expected to slow.

President Trump has bragged in the past that he's responsible for the economy taking off like a "rocket ship". And some predict that the rate increases, which began three years ago, will end altogether next year.

Investors reeling from one of the worst years on record for financial assets have one last hope for a lifeline: the Federal Reserve.

"Russia and China are playing the Currency Devaluation game as the US keeps raising interest rates".

"So while I thought interest rates would keep rising and that would lessen demand for homes, we're actually seeing interest rates falling again and increasing the affordability of homes once more", he said. A slowing economy - or a recession - could damage Trump's re-election efforts in 2020. For a President who likes to boast about his ability to create jobs, this might make that task a lot harder.

Trump last month said he is "not even a little bit happy" with his appointment of Powell.

"Uncertainties about how the economy will perform next year have ballooned", said Sung Won Sohn, chief economist at SS Economics. In Fed parlance, it will be "data-dependent".

Fed officials will conclude a two-day meeting Wednesday, and Wall Street traders predict almost an 80 percent chance the Fed raises rates a quarter point this week, setting them at a range of 2.25 percent to 2.5 percent.

Recommended News

  • Crude Oil Faces Intraday Hurdle While Investors Await EIA Report

    Crude Oil Faces Intraday Hurdle While Investors Await EIA Report

    US West Texas Intermediate (WTI) crude futures were at $51.35 per barrel, up 20 cents or, 0.4 percent. According to the IEA, the United States is now the world leader in crude oil production.
    Silva says Everton 'should do better' at the back

    Silva says Everton 'should do better' at the back

    Huddersfield had 73.6% of the possession against Newcastle, the highest of any side to lose a Premier League game this season. Davies broke onto the scene in January 2017 after scoring a sensational goal at Goodison Park against the Cityzens.
    Judge demands documents related to Michael Flynn's interview with Federal Bureau of Investigation  in 2017

    Judge demands documents related to Michael Flynn's interview with Federal Bureau of Investigation in 2017

    They want to scare everybody into making up stories that are not true by catching them in the smallest of misstatements. Flynn's lawyers wrote in a sentencing memo that included letters from supporters vouching for his character.
  • UEFA Champions League last 16 fixtures

    UEFA Champions League last 16 fixtures

    Bundesliga leaders Borussia Dortmund will meet Tottenham Hotspur, while Roma were paired with two-time former champions Porto. Liverpool booked their place in the last-16 thanks to a dramatic 1-0 victory over Napoli at Anfield last week.
    What's New In The Indictment of Mike Flynn's Former Biz Partner

    What's New In The Indictment of Mike Flynn's Former Biz Partner

    Other reports have alleged that Turkey had asked Flynn to have Gulen forcibly rendered back to Ankara by extrajudicial means. Previous administrations had refused to extradite Gulen, citing a lack of evidence against the cleric.
    Kansas City police cut deep with jab at Los Angeles Chargers

    Kansas City police cut deep with jab at Los Angeles Chargers

    His name was unveiled next to that of WR Carlos Carson on the ring of honour inside Arrowhead Stadium . The Chargers became the first opponent this season to hold Kansas City's offense below 300 total yards.
  • Trump Threatens Government Shutdown over Border Wall Funding

    Trump Threatens Government Shutdown over Border Wall Funding

    If the government partially shuts down on 21 December, up to 600,000 government workers could be affected over the holiday season. Mr Trump and Schumer jabbed at each other over the import of the midterm elections - and who will be blamed if a shutdown occurs.
    Oscar-Nominated Actress Sondra Locke Dead at 74

    Oscar-Nominated Actress Sondra Locke Dead at 74

    For the role, she also received Golden Globe nominations for Best Supporting Actress and Most Promising Newcomer. She met Eastwood in 1972, and became involved with him during the making of " The Outlaw Josey Wales " (1976).
    Strasbourg: Christmas market attacker 'shot dead'

    Strasbourg: Christmas market attacker 'shot dead'

    The last three consecutive Saturdays of riots in the capital have seen cars torched, shops looted and the Arc de Triomphe defaced. On Twitter the parliament's president Antonio Tajani said that it "will not be intimidated by terrorist or criminal attacks".
  • IPL Auction 2019 Live updates

    IPL Auction 2019 Live updates

    Shami, who turned up for Delhi last season, was sold to KXIP while Mohit went back to Chennai Super Kings after a stint with KXIP. England all-rounder Sam Curran was bought for £800,000 by Kings XI Punjab in the auction for the 2019 Indian Premier League .
    Who is Catriona Gray? Miss Philippines is Miss Universe

    Who is Catriona Gray? Miss Philippines is Miss Universe

    Miss Australia has won the title of Miss Universe twice, most recently in 2004, when model Jennifer Hawkins copped the top gong. Without hesitation, the Australian-Filipina beauty said: "I'm for being used in medical use but not so for recreational use".
    Melania blasts 'opportunists,' says media focuses too much on 'nonsense'

    Melania blasts 'opportunists,' says media focuses too much on 'nonsense'

    Trump is visiting JBLE-Langley with the Deputy Secretary of Defense, Patrick M. The First Lady will also be meeting with Sailors on the USS Goerge H.W.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.