Trump stands by his ‘brilliant’ Fed pick despite no rate cuts
Trump praised Kevin Warsh after the Federal Reserve held rates at 3.50% to 3.75% in a 9-3 vote, with three officials favoring a hike.
5 Articles
5 Articles
Trump stands by his ‘brilliant’ Fed pick despite no rate cuts
By Steve Holland WASHINGTON, July 29 (Reuters) - President Donald Trump on Wednesday refused to turn on his "brilliant" hand-picked U.S. central banker in chief despite the fact that Federal Reserve Chairman Kevin Warsh has not delivered the rate cuts...
Rebellion against 'oblivious' Trump tanks Dow in worst day of the year
Many critics anticipated that when President Donald Trump appointed Kevin Warsh as chairman of the Federal Reserve, he was getting a hack who would follow Trump’s order to cut rates regardless of the explosive consequences.On Wednesday, that’s not what happened — and Trump is likely stewing.“[Warsh’s] hard line on inflation must have … surprised Warsh’s patron, President Trump,” argued American Prospect co-founder Robert Kuttner.The Federal Rese…
The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) has decided this Wednesday to maintain
(FED) Federal Reserve Issues FOMC Statement - ActionForex
The Federal Open Market Committee approved the following statement for release by a 9 – 3 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee is continuing its policy of maintaining ample reserves in the […] The post (FED) Federal Reserve Issues FOMC Statement appeared first on ActionForex.
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