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The Fed now has to raise rates to prove it’s independent from Trump, investment manager says

PS: MADMAN "TỨ BỀ THỌ ĐỊCH" NHÉ !HEHE...

  • In an interview with CNBC at the White House on Thursday, Trump lamented Fed Chairman Jerome Powell’s plan to raise interest rates in response to strong economic growth.
  • Trump’s implication that he favors holding rates down in the face of economic growth defies the convention that monetary tightening is necessary to temper inflation.
  • The dollar fell and Treasury yields dipped lower on Trump’s comments Thursday, with the greenback losing about a half percentage point from its one-year high of 95.65.

OTHER NEWS

Fed’s Powell explains why a return to the gold standard would be so damaging to the economy

11/07/2019, 5:49 AM

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Trade war with US could be the tipping point for China’s $14 trillion debt-ridden economy

25/04/2018, 1:07 PM

Nearly 20 percent of China’s exports go to the U.S. If a trade war ensues with the U.S., China’s GDP growth would drop 0.5 percent and could continue to fall as things heat up, the IMF warns. China’s debt-to-GDP has ballooned to more than 300 percent from 160 percent a decade ago. Chinese officials now warn […]

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