Суббота, 20 Апреля, 2019

Fed's interest rate increases 'don't have to go as fast'

President Trump spoke with reporters after arriving at Erie International Airport for a campaign rally at Erie Insurance Arena on Wednesday Trump says Federal Reserve ‘has gone crazy’ after big stock drop
Russell Knight | 13 Октября, 2018, 19:02

President Donald Trump said he won't fire Federal Reserve Chairman Jerome Powell but blamed the USA central bank for the worst stock market sell-off since February.

"I'm not going to fire him", Trump said of Powell, a Trump appointee who legally can only be fired for cause.

"It's a correction that we've been waiting for for a long time", Trump said.

I don't think the Fed is on the wrong path. Earlier, he told Fox News the Fed was being "too aggressive" by raising interest rates this year and getting "a little bit too cute".

Trump's public criticism of the Federal Reserve, whose chairman, Jerome Powell, Trump appointed, is a sharp departure from his recent predecessors. "But I think it's far too stringent far too fast".

"He has never attacked the Fed's plan or strategy", Kudlow told reporters on the White House lawn.

Trump has repeatedly criticized the Fed over the past 24 hours as markets plunged, saying Wednesday that the central bank was "going loco".

White House Press Secretary Sarah Sanders said in a statement following the close of markets that the US economy is "incredibly strong" despite the sell-off, which analysts attributed in part to trade tensions with China.

"The Fed has an independence that it needs to pursue, it's concerned about inflation - and right now we have tariffs, which are wreaking havoc, we're not sure to what extent, and an exploding deficit ..."

Читайте также: Five children in Washington state stricken with limb paralysis; health officials investigating

In effect, higher mortgage rates could depress the rate of price appreciation of houses, as homebuyers cannot bid as aggressively for properties as they could when rates were lower.

"It's not necessary in my opinion, and I think I know about it better than they do", the President said of the decision to increase interest rates. "They're raising interest rates, and it's ridiculous".

O'Hare attributed the losses to worries about higher interest rates but also cited a "broad-scale deterioration in sentiment" as investors realized that the pullback on Wall Street failed to prompt bargain hunting to stabilize prices, as has been the norm in recent years. Officials are gradually raising rates to keep inflation around their 2 percent target, while unemployment drifts below levels deemed to be consistent with stable prices.

The rise in interest rates is "a sign of economic health, that is something to be welcome and not feared", Kudlow said on CNBC. But according to the Wall Street Journal other officials have expressed a range of views, and some uncertainty, about how high rates would have to go to reach a so-called neutral level that neither spurs nor slows growth. In other words, the steady rise in the Fed's policy rate, and estimates for future hikes, haven't translated into harsh financing conditions for the overall economy yet.

The Fed was set up to be independent from politicians and their pressure, he added. "But I really disagree with what the Fed is doing, okay?" he said.

Mnuchin was interviewed in Bali, Indonesia, where he is attending global finance meetings including the annual meetings of the International Monetary Fund and the World Bank.

The rough month for stocks began when the bond market got spooked by rising interest rates.

Trump has said he likes low interest rates, in part because of his background in real estate.

But a fall would be a concern to the president, who frequently cites stock market performance as a sign of his administration's success.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended

  • Israeli forces kill six Palestinians during Gaza protests

    Israeli forces kill six Palestinians during Gaza protests

    In response, the IDF said, soldiers used riot dispersal means and live fire in accordance with standard operating procedures. That's according to the spokesman for Gaza's Health Ministry who say there are around 140 people injured.
    The Best Dressed Guests at Princess Eugenie's Royal Wedding

    The Best Dressed Guests at Princess Eugenie's Royal Wedding

    Wedding watchers thought Princess Eugenie would wear the tiara that her mum wore for her wedding to Prince Andrew. Eugenie looked stunning in a custom Peter Pilotto wedding gown with an open back and a long train.
    USA  hurricane leaves homes unmoored, power lines damaged

    USA hurricane leaves homes unmoored, power lines damaged

    Sarah had just started the sixth grade and joined the drama club and the band. "It was bad , and now there's just nothing left". It killed at least four people in Florida, five in Virginia, three in North Carolina and two in Georgia , officials said.
  • Nine climbers feared dead in Himalayas

    Nine climbers feared dead in Himalayas

    Mount Gurja sits in Nepal's Annapurna region, next to avalanche-prone Dhaulagiri, the world's seventh highest mountain. The climbers were attempting to scale the 7,193-metre (23,590-foot) peak during the autumn climbing season.
    Zverev tames Basilashvili in Shanghai

    Zverev tames Basilashvili in Shanghai

    I didn't run too much. "He's almost top 30 and obviously playing great tennis, as well". But I'm going like hour by hour and see how I'm feeling.
    Conway tells Hillary Clinton to 'tamp down the rhetoric'

    Conway tells Hillary Clinton to 'tamp down the rhetoric'

    Clinton, meanwhile, has been striking a more partisan tone, blaming Republicans for the chaos that has engulfed American politics. That's when civility can start again, but until then the only thing the Republicans seem to recognize and respect is strength.
  • Bodies of 11 babies found hidden in former funeral home in US

    Bodies of 11 babies found hidden in former funeral home in US

    Detroit police will search the entire building to make sure no additional bodies are hidden inside, according to WDIV . The bodies were found hidden in a drop-down ceiling at the former Cantrell Funeral Home about 5.30pm on Friday.
    PSG’s win over Red Star reportedly being investigated over match-fixing concerns

    PSG’s win over Red Star reportedly being investigated over match-fixing concerns

    L'Equipe's report states that UEFA alerted PNF days before the two teams met at Parc des Princes on October 3. This is not possible, this is not true", Red Star Belgrade President Dragan Dzajic L'Equipe reported.
    Boston Dynamics' Atlas robot shows off upgraded agility skills in new video

    Boston Dynamics' Atlas robot shows off upgraded agility skills in new video

    According to the Boston Dynamics website , " Atlas is the latest in a line of advanced humanoid robots we are developing". Atlas also used computer vision technology to tell exactly where it is in space and plan where to land when it jumps.
  • Migrants to be directed to regional areas under Australian government plan

    Migrants to be directed to regional areas under Australian government plan

    Tudge did not provide details on how the policy would be enforced, but he said it could include incentives. This story was reported by The Associated Press .
    #MeToo: This is what Bipasha Basu said about Sajid Khan

    #MeToo: This is what Bipasha Basu said about Sajid Khan

    This led to Askahy Kumar issuing a strong statement , asking the producer of Housefull 4 to cancel the film's shooting. He even tweeted about it saying how he has made a decision to step down as a director till he can prove the truth.
    Chinese region `legalises´ Muslim internment camps

    Chinese region `legalises´ Muslim internment camps

    Communist party members and bureaucrats have been told to speak Mandarin Chinese in public and not local languages. Xinjiang is officially designated as an autonomous region within China, like Tibet to its south.

Monaco appoint former Arsenal striker Henry as head coach Monaco appoint former Arsenal striker Henry as head coach Having started my footballing career with this great club, it seems like fate that I will now begin my managerial career here too. Portuguese boss Jardim was appointed in 2014 and led the club to the French title in 2017, their first since 2000.

IL investigating 9 ‘sporadic’ cases of polio-like illness in children IL  investigating 9 ‘sporadic’ cases of polio-like illness in children A disease that causes partial paralysis in children has impacted nine people in IL , the Department of Health announced. CDC officials said that they have not confirmed a cause for the majority of AFM cases and continue to investigate.

Ruthless Novak Djokovic dispatches Alexander Zverev in Shanghai semis Ruthless Novak Djokovic dispatches Alexander Zverev in Shanghai semis The first set went with serve, and some big serves at that until Djokovic grabbed the break to go 4-2 up. About his co-operation with Ivan Lendl, Zverev added: 'We are still working together.

Virus-afflicted Del Potro taking it 'hour by hour' Virus-afflicted Del Potro taking it 'hour by hour' Since Djokovic lost that French Open match to Cecchinato, he's won 28 of his 30 matches. "I was aggressive when I needed to be". The 20-time grand slam champion will stay second in the rankings if he wins the title and Djokovic fails to reach the final.

Quake near Bali, Indonesia, kills at least 3 Quake near Bali, Indonesia, kills at least 3 An official search and rescue effort following the devastating natural disaster and tsunami in Indonesia has been called off. Zainurrohman, a 21-year-old from the district told AFP . "What can we do?" We just have to accept it, ' he said.

CVS $69B merger deal with Aetna gets go-ahead CVS $69B merger deal with Aetna gets go-ahead The companies maintain a prior view that the transaction will close in the early part of the fourth quarter of 2018. Together Aetna and CVS have 6.8 million members in standalone Medicare drug plans, the Justice Department said.

Before and After Satellite Images Show Hurricane Michael's Devastation in Florida Before and After Satellite Images Show Hurricane Michael's Devastation in Florida National Hurricane Center said. "We're moving pretty, in my opinion, pretty rapidly to get people back together", Gillum said. Rescuers from the Federal Emergency Management Agency (FEMA) used dogs, drones and Global Positioning System in the search.

Pope accepts Cardinal Wuerl's resignation over sex abuse cover-up Pope accepts Cardinal Wuerl's resignation over sex abuse cover-up However, the grand jury documented other cases where accused priests in Pittsburgh were allowed to return to parish work. In accepting his resignation now, Francis asked that Wuerl remain as the apostolic administrator of the archdiocese.

PH wins seat in United Nations human rights body PH wins seat in United Nations  human rights body In Cameroon, HRW said government forces and armed separatists had committed "grave abuses" in the country's Anglophone region. India on Friday won the seat to Human Rights Council at United Nations with the highest votes among all candidates.

Have 19 hours? World's longest commercial flight takes off Have 19 hours? World's longest commercial flight takes off A business class ticket entitles passengers to two meals, and the choice of when they are served, plus refreshments in between. Bathrooms in the premium economy section are fitted with a spray for hydration. "We really are entering a new era of travel".

Musk denies report James Murdoch poised to be Tesla chairperson Musk denies report James Murdoch poised to be Tesla chairperson He posted jokingly that he had been "found passed out against a Tesla Model 3, surrounded by "Teslaquila" bottles". He has no experience in manufacturing and has never led a company that makes cars or electric vehicles.

Hackers accessed intimate information of 14 million Facebook users Hackers accessed intimate information of 14 million Facebook users The attackers used a portion of these 400,000 people's lists of friends to steal access tokens for about 30 million people. Earlier this year, Facebook came under fire for sharing heaps of data for over 87 million users with Cambridge Analytica.

Senate deal that allows lawmakers leave DC to campaign Senate deal that allows lawmakers leave DC to campaign Hirono said she was not concerned about a backlash from Democratic voters if the deal appears favorable to Republicans. Nearly immediately after the Senate vote, Democrats felt the chill from faraway North Dakota .

Tutorial: How To Hide The Notch On Google Pixel 3 XL Tutorial: How To Hide The Notch On Google Pixel 3 XL Given the Nest Hello Doorbell isn't yet on-sale in Australia we'll have to wait a little while longer to see the benefits of this. The cameras of other phones are not able to recognize the scenes and takes the worst picture even than the normal mode.

NASA official: Tense moments but calm crew in aborted launch NASA official: Tense moments but calm crew in aborted launch More importantly, the incident could have easily been a nightmare for the space program - another Challenger. He said he had also spoken to USA astronaut Nick Hague who appeared in high spirits despite the ordeal.