Donald Trump willing to slap tariffs on all Chinese imports

Donald Trump willing to slap tariffs on all Chinese imports

What is the Federal Reserve?

Those comments, plus Trump's criticism of Federal Reserve interest rate hikes, caused the dollar to fall back against other currencies, however, including the pound which rebounded from 10-month lows versus the greenback.

America's central bank has twice increased benchmark lending rates this year, following three raises last year. But rate increases also make borrowing costlier for households and companies and can weaken the pace of growth.

The chance inflation might accelerate has increased after the massive tax cut Trump championed a year ago, which has raised the U.S. debt and budget deficit. Since then, the Fed has sought to reassure investors that it is independent. That policy drew rebukes from many Republican lawmakers.

Powell has downplayed concerns about Trump's politicizing the Fed. Last week, Powell said in an interview with the radio program Marketplacethat he didn't expect to face pressure from the White House.

He also said that higher interest rates will strengthen the USA dollar too much, putting the United States at a "disadvantage" while central banks in Europe and Japan keep rates low. "I really like President Xi a lot, but it was very unfair".

Donald Trump Calls on DNC to Hand Over Email Server
That is not just the finding of the American intelligence community but also the House Committee on Intelligence. Trump tossing the USA intelligence community under the bus drew some interesting reactions.

The reaction to Trump's remarks in the financial markets was muted.

Treasury Secretary Steven Mnuchin is heading to Buenos Aires on Friday for two days of talks with his G20 counterparts, where he will likely face questions about USA dollar policy.

Trump has been on a mission to reduce the US$552-billion USA trade deficit and rebuild the nation's manufacturing sector.

On Thursday, the European Union said it was developing plans to hit back at the U.S. if it attempted to place import tariffs on cars, something Trump has repeatedly threatened to do. So somebody would so 'oh, maybe you shouldn't say that as a president.' I couldn't care less what they say, because my views haven't changed.

But current and former Fed officials didn't sound overly concerned about the commander-in-chief's perspective.

The cartoon does not mention that soymeal prices in China are rising, triggering fears of food inflation.

Trump labels European Union foe of US
Trump complained: "No matter how well I do at the Summit", he'll face "criticism that it wasn't good enough". Big banners said "Welcome Trump " and "God Bless D & M Trump " and a helicopter hovered overhead.

'Of course the President respects the independence of the Fed. "My experience at the Fed is consistent with what Jay Powell recently said - being non-political is deep in the Fed's DNA - and I believe that Jay will keep it that way".

Trump said he was not thrilled the Fed was raising rates.

Why does the Federal Reserve raise interest rates?

I don't necessarily agree with it, because he's raising interest rates, I'm not saying that I agree with it, and I don't necessarily agree with it.

The Fed has hiked interest rates twice this year and could jack the rate up twice more before year's end.

Trump's comments are a break with tradition that presidents avoid commenting on the path of domestic monetary policy.

Wimbledon final: Serena shocked, Kerber pumped
Serena Williams is one win away from an eighth Wimbledon singles title that would complete a fairytale return to tennis . Kerber, a finalist at Wimbledon just two years ago, and a two-time Slam victor , should be a much tougher test.

Related News:



Most liked

Trump's intelligence chief Dan Coats goes in on Russian interference
Trump has faced criticism from both Democrats and Republicans about his handling of the Helsinki summit with Putin on Monday. He asserted at the White House that no other American president has been as tough on Russian Federation .

Boris Johnson keeps powder dry - for now
Eurosceptic Conservatives are planning to vote against the government on several amendments to the trade bill. More wobbles, after the high-profile resignations, could leave the prime minister in a very fragile position.

Boston: Massachusetts Delegation Blasts Trump Meeting with Putin
Trump received a football of the FIFA World Cup in the news conference. "I don't see any reason why it would be", he replied. "'It is in the interest of both of our countries to continue our conversation and we have agreed to do so", Trump said .

Former intel chiefs condemn Trump’s news conference with Putin
A probe over allegations of Russian meddling in the 2016 USA presidential election has clouded Trump's presidency. During the 2016 presidential campaign, Clinton expressed similar sentiment about the Trump-Putin relationship.

New Chelsea boss Maurizio Sarri apologises for 'sexist, homophobic' comments
Zola spent seven years at the club between 1996 and 2003 and is one of the most popular players in the club's history. I can decide if I want to stay or go, but Chelsea will make the final decision - if they want to let me go.

Russian 'agent' arrested in USA to undermine Putin-Trump summit: Moscow
In a court filing calling for Butina's pre-trial detention, prosecutors disclosed Butina's alleged ties to Russian intelligence. Butina's arrest came as the Federal Bureau of Investigation feared she was preparing to leave the country.

Mic's Emily Singer Detects Alleged Russian Spy in Oval Office
The charge was brought by the US Attorney for the District of Columbia and do not appear to stem from Mr Mueller's investigation. An ally of Russian leader Putin, Torshin is now a senior official with Russia's central bank and a former top Russian lawmaker.

Eoin Morgan hopes England learn from pressure of decider
Captain Virat Kohli (71 runs) led from the front as India finished at 256-8 in the third ODI against England here on Tuesday. In case Roy isn't fit for the match it could give James Vince to play his first ODI game in nearly two years.

'Helsinki has frozen over': Late night blasts Trump-Putin summit
Senate Majority Leader Mitch McConnell, a Republican, told reporters: "I've said a number of times and I'll say it again". However there are no objective reasons for these difficulties, the current tense atmosphere".

Graham: Don’t put the soccer ball in the Oval Office, Mr. President
As you may be aware, Trump and Putin held their summit in Helsinki today. "But I really do want to see the server". While Trump was seen as hopeful about the meeting's outcome, Putin talked about the "problem areas of the world".

In Britain rejected the possibility of a new referendum on Brexit
She said that would remove Britain's ability to have an independent trade policy and her government "will never stand for that". In a press conference after their talks Friday, Mr Trump said it had been a suggestion rather than advice.

In Kenya, Obama calls on leaders to celebrate diversity of tribes
Obama did not have a close relationship with his economist father, who left when he was just two and soon returned to Kenya. Mr Obama will be heading to South Africa after his Kenya visit to give the annual Mandela Day lecture on Wednesday.

Amazon Prime Day 2018 - How To Maximize Savings
Telecom companies such as Airtel and Vodafone too are offering the Prime membership for free when you opt for some of their plans. Prime members often have access to online sales, member-exclusive discounts, and priority during product releases.

Wimbledon: Meghan Markle & Kate Middleton to cheer on Serena Williams
Emotional after clinching her third Slam, the German bounded up into the players' box to embrace her family and coaching team. Kerber, cleverly moving Serena into awkward positions, took full advantage, winning four games in a row to wrap up the set.

Iran has no intention to leave Syria: top official
Russian Federation and Iran have provided critical military support to help the Assad government turn the tide of the war. Comments by some USA officials have also indicated what might be an emerging compromise among the key players.