Trump’s stunning comments about the Federal Reserve could actually backfire
|07/20/2018||Posted by BusinessMediaguide.Com under General World News||
- President Donald Trump broke a multi-decade tradition by weighing in on the Federal Reserve’s monetary policy.
- Trump said he is “not thrilled” about the Fed’s recent interest rate hikes.
- His comments drew concern that Trump was trying to put political pressure on the Fed.
- But one JPMorgan economists thinks Trump’s public desire for lower interest rates could actually backfire.
President Donald Trump upended nearly three decades of presidential precedent by commenting on the Federal Reserve’s interest rate policy on Thursday, but at least one economist thinks the president’s remarks could come back to bite him.
During an interview with CNBC, Trump said that while read more >>>