President Donald Trump has wanted the Federal Reserve to pause interest rates hikes for months, but he may not like the reason the ed is slowing.
President Donald Trump has for months been pushing the Federal Reserve and chairman Jerome Powell to stop hiking interest rates.
The Fed gave Trump some good news on that front Wednesday by projecting no interest-rate increases in 2019 and just one in 2020.President Donald Trump has for months blasted Federal Reserve Chairman Jerome Powell's interest-rate hikes, imploring the central bank chief to stop tightening monetary policy.
On Wednesday, Trump finally got what he wanted from Powell and the Fed. As part of the Fed's latest decision on interest rates, projections showed the central bank no longer expects to raise interest rates at all in 2019 and only once in 2020 — which Trump was surely pleased to see. But the president may want to shield his eyes when it comes to the rest of the Fed's statement. The reason for the sudden pause in interest rate hikes was in large part due to a slowing of the US and global economy.
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