Trump blasts Fed in latest salvo over rate hikes

[Eugene]

Source: Reuters

MARKET NEWS MARCH 29, 2019 / 5:51 PM / UPDATED 6 HOURS AGO

WASHINGTON, March 29 (Reuters) - President Donald Trump said on Friday that the U.S. Federal Reserve had made a mistake in raising interest rates and blamed the central bank for hurting the U.S. economy and stock markets.

“Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0 percent GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!,” Trump tweeted. (Reporting by Tim Ahmann; Editing by Eric Beech)


Read more: https://www.reuters.com/article/usa-fed-trump/trump-blasts-fed-in-latest-salvo-over-rate-hikes-idUSW1N20902P

---

Short article. No more at link.

______________________________________________________________________

Source: Reuters

BUSINESS NEWS MARCH 29, 2019 / 5:51 PM / UPDATED 4 HOURS AGO

White House calls for Fed to reverse U.S. rate hikes

WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump said on Friday that the Federal Reserve made a mistake by raising interest rates and blamed the central bank for hurting the U.S. economy and stock market.

“Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0 percent GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!,” Trump tweeted.

The remarks were part of a new attack the White House has launched against the independent central bank in their unusual public split. The Fed’s Board of Governors did not immediately comment.

No fewer than five Fed officials this week have touted the underlying strength of the American economy and argued a recent spate of weak data on business activity is more likely to prove fleeting than lasting. None said they currently back a rate cut.

-snip-

Read more: https://www.reuters.com/article/us-usa-fed-trump/white-house-calls-for-fed-to-reverse-u-s-rate-hikes-idUSKCN1RA2MB

[Roy Rolling]

1. "Latest" Rate Hikes?

When was that? Six months ago?

I think a better take is" higher interest rates mean higher mortgage rates which means tougher times for real estate".

Thank goodness our president divested himself of all real estate holdings, otherwise he'd have a real conflict of interest.

[duforsure]

2. He's projecting his excuse

Because when the economy drops from his policies he'll use that to blame them instead of his policies for the economy problems. He always blames others for his actions, always. His trade disaster and robbing people of taxes and their heath care of trillions will have dramatic effects on the economy , not the Fed rate , as can be shown many times isn't hurting the economy, but protecting it. trump has some loans that hurts him if the rate goes up because of interest increases on his loans .

[DeminPennswoods]

3. Money is a bit more expensive, but still cheap

nt

[Bernardo de La Paz]

4. He doesn't care about or understand the economy. He just wants a boomlet for 2020 to get re-elected,

[cstanleytech]

5. No, whats hurting the economy is you and your parties tariffs and tax cuts to the ultra wealthy but

rather than admit that you are trying to pin the blame on someone else like you usually do.

[Mario Luigi]

6. The Fed should be independent

Trump knows nothing about economics.

[not fooled]

7. They've already caved to his rantings

and slowed/stopped the rate of hikes necessary to ensure there is room for stimulus when the next crash hits.

red don is just trying to rig things to prevent a downturn before the 2020 election.

[mahina]

8. SQUIRREL! 🐿

[Yavin4]

9. Umm..the govt. shutdown and skinny refund checks have done more to slow the economy than the Fed

Folks are trying to make up for the lost income, and the first thing that they do is curtail spending.