Trump Complains About Interest Rate Hike
  • 6 years ago
According to Reuters, President Donald Trump is not thrilled with rising interest rates.
Nor is he thrilled with his pick for the Federal Reserve Chairman, Jerome Powell, for raising them.
President Trump nominated Powell to lead the Fed last year to replace now-former Fed Chair Janet Yellen.
During Yellen's tenure as the Fed chair, monetary policy towards the federal funds rate shifted after 10-years, leading to the first increases since 2007.
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