«Breaking News» Trump again hits U.S. Federal Reserve for raising interest rates 'too fast'

President Donald Trump on Tuesday reiterated that the U.S. Federal Reserve was raising interest rates too quickly but added that U.S. companies were 'the greatest in the world' and presented a 'tremendous' buying opportunity for investors.

'They're raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon,' Trump told reporters in the Oval Office, referring to the U.S. central bank.

'I have great confidence in our companies. We have companies, the greatest in the world, and they're doing really well. They have record kinds of numbers. So I think it's a tremendous opportunity to buy,' Trump said after speaking with U.S. troops deployed abroad via video conference.

President Donald Trump was speaking to the reporters in the Oval Office on Christmas Day

U.S. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. Trump has largely laid the blame for economic headwinds on the Fed, openly criticizing its chairman, Jerome Powell, whom he appointed.

Media reports have suggested Trump has gone as far as discussing firing Powell, and he told Reuters in August that he was 'not thrilled' with the chairman.

On Monday, Trump said: 'The only problem our economy has is the Fed.'

All three major U.S. stock indexes ended down more than 2 per cent on the day before the Christmas holiday. 

The S&P 500 has lost about 19.8 per cent from its September 20 closing high, just shy of the 20 per cent threshold that commonly defines a bear market.

The Fed hiked interest rates again last week, as had been widely expected.

Treasury Secretary Steven Mnuchin on Monday hosted a call with the president's Working Group on Financial Markets, a body known colloquially as the 'Plunge Protection team,' which normally convenes only during times of heavy market volatility.

But the call did more to rattle markets than to assure them. Regulators on the call said they were not seeing anything out of the ordinary in financial markets during the recent selloff, according to two sources familiar with the matter.

Link hienalouca.com

https://hienalouca.com/2018/12/25/trump-again-hits-u-s-federal-reserve-for-raising-interest-rates-too-fast/
Main photo article President Donald Trump on Tuesday reiterated that the U.S. Federal Reserve was raising interest rates too quickly but added that U.S. companies were ‘the greatest in the world’ and presented a ‘tremendous’ buying opportunity for investors.
‘They’re raising...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves US News HienaLouca





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