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Trump Faults ‘Hostile’ Fed Board for Interest-Rate Hike
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsElections & Domestic PoliticsManagement & Governance
President Donald Trump called the Federal Reserve board “hostile” after it unanimously rejected his calls to lower borrowing costs. Trump nevertheless said he retained confidence in Fed Chairman Kevin Warsh. The public conflict underscores political pressure on monetary policy and could heighten market sensitivity around Fed independence and the interest-rate outlook.
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