Trump can’t stop shooting himself in the foot, as the stage looks set once again for Warsh to hold—if not hike—interest rates
President Trump’s campaign for lower interest rates in the U.S. faces another setback this week at the meeting of the Federal Open Market Committee (FOMC).
Reported by 1 outlet — Fortune. See all sources ↓
President Trump’s campaign for lower interest rates in the U.S. faces another setback this week at the meeting of the Federal Open Market Committee (FOMC). Wall Street analysts have generally come to the conclusion that the FOMC will hold rates steady, if not hike them—and Trump’s own foreign policy is an underlying factor. The FOMC, led by central bank chairman Kevin Warsh, will meet Tuesday and Wednesday of this week to discuss progress towards its targets of maximum employment and inflation at 2%.It is the latter task that has caused the Fed some difficulty over the past few years.
Read the full report at Fortune ↗
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- What's the story?
- President Trump’s campaign for lower interest rates in the U.S. faces another setback this week at the meeting of the Federal Open Market Committee (FOMC).
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 16m ago.
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Trump can’t stop shooting himself in the foot, as the stage looks set once again for Warsh to hold—if not hike—interest rates
Sources1TypeCoverageFortune