Donald Trump criticizes Fed on rate lifts once again

Donald Trump criticizes Fed on rate lifts once again

On Tuesday, American leader repeated that the key US financial institution was lifting interest rates too rapidly and added that American companies turned out to be the greatest around the globe and presented a mind-blowing buying opportunity for investors.

For recent weeks American equities have gone down abruptly on fears over weaker economic surge. American leader has mostly laid the blame for economic headwinds on the US major bank, heavily criticizing its governor, Jerome Powell, whom, in fact, he appointed.

According to media reports, US leader has gone as far as discussing sacking Jerome Powell, and in August he informed Reuters that he was absolutely dissatisfied with the Fed Chair.

On Monday, American leader told that the Federal Reserve appears to be the only problem of the American economy.

As a matter of fact, on the day all three key American stock indexes concluded down over 2% before the Christmas holiday. Besides this, the S&P 500 has inched down by nearly 19.8% from its September 20 closing maximum, just shy of the 20% threshold that commonly defines a descending market.

The previous week the Federal Reserve dared to have its interest rates lifted once again. This move of the US major bank had been generally anticipated.

On Monday, Treasury Secretary Steven hosted a call with Trump’s Working Group on Financial Markets. The given body is generally known as the "Plunge Protection team," and as a rule, it convenes during times of tremendous market volatility.

However, the call did more to affect financial markets than to soothe them. Watchdogs on the call told that they were not observing anything out of the ordinary in financial markets in the latest selloff. That’s what follows from to two sources already familiar with the matter.


Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera