Trump Is Mad About Fed Rate Hikes, But He Only Has Himself To Blame For Them

Carlos Barria/Reuters Trump believes the Fed’s rate hikes are pushing up the dollar and will cause bigger trade deficits. He’s right. But he shouldn’t be so upset. The strong dollar and the Fed’s recent actions are the logical result of his own policy and personnel choices. Fortunately, the Fed will likely ignore Trump. President Donald Trump has broken another Washington norm: While recent presidents have tended to avoid commenting on monetary policy, Trump is out there saying the Fed is raising interest rates too high, too fast. But unlike some of the norms Trump has broken, this one isn’t that old.

BING NEWS:
  • The pain from the Fed's rate hikes is surprisingly elusive
    Higher interest rates were supposed to bring a lot of pain for Americans. So far that hasn't happened. Why it matters: The Federal Reserve left interest rates unchanged Wednesday, keeping rates higher ...
    05/2/2024 - 12:20 am | View Link
  • Stocks surge as Fed Chair Jerome Powell signals further rate hikes ‘unlikely’
    Traders have sharply downgraded their expectations since 2024 began, when they had expected up to six rate cuts.
    05/1/2024 - 1:31 pm | View Link
  • Hawkish Fed Risk Fades After Powell's Remarks: He 'Set The Bar Extremely High For Rate Hikes'
    Trending: Trump Says If Supreme Court Decides President Doesn't Get Immunity Then Biden 'Will Be Prosecuted For All Must Read: Hawkish Fed Risk Fades After Powell's Remarks: He 'Set The Bar Extremely ...
    05/1/2024 - 10:44 am | View Link
  • Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls
    The FOMC said that 'in recent months, there has been a lack of further progress' on lowering inflation to the Fed's 2% goal.
    05/1/2024 - 1:15 am | View Link
  • Fed Meets Today: Watch Out for Interest Rate Hikes Instead of Cuts This Year, One Economist Says
    If you figured the Federal Reserve would lower interest rates soon, you may want to prepare for the opposite to happen. Experts expect the Fed to hold rates steady at its meeting that starts today, ...
    04/30/2024 - 8:43 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News