Trump Wants Feds To 'Feel The Market' Instead Of Using 'Meaningless Numbers'

Fed likely to raise rates in December

Trump took to Twitter Tuesday morning, imploring the Federal Reserve officials to read an editorial in the Wall Street Journal and not "make yet another mistake" by raising interest rates again.

The president isn't wrong about the dollar, which has made modest gains against a basket of currencies, hitting a 19-month high at close on Friday. Many analysts think the Fed will signal Wednesday that it's considering whether to slow or suspend its rate hikes in 2019 to avoid weakening the economy too much.

The president cited the strong US dollar, steady inflation rate, and slowing growth in China as key factors the central bank considers in determining the course of national monetary policy.

Trump urged the Fed to ignore economic data and "feel the market". While there may be an economic case for Chairman Jerome Powell to hold off on the ninth rate hike since December 2015, a larger threat may be eroding the Fed's inflation-fighting credibility by appearing to cave to Trump's demands.

Champions League Last-16 Draw: Liverpool, Tottenham & Man Utd Given Tough Tasks
Schalke 04 has been picked in the pot and will be play against the biggest victor in the group stage, Manchester City . Borussia Dortmund progressed to the knockout phase of the UEFA Champions League after topping Group A with 10 points.

A growing number of economists share Trump's basic argument - albeit in more diplomatic language - and have dramatically rolled back estimates for the number of increases in the benchmark lending rate they expect next year.

It is highly unusual for a president to be publicly vocal in any criticism of the Fed, though many presidents have complained privately about higher interest rates.

The stock market is enduring a painful stretch, with steep losses Monday sending USA stocks to their lowest levels in more than a year.

"Now, I'm just saying the same thing that I would have said as a private citizen", he said during the interview. And some predict that the rate increases, which began three years ago, will end altogether next year.

Unfounded bomb threats reported in cities across Canada, U.S.
South of the border, the FBI was investigating the wave of threats and said it was unclear whether the threats are connected. If you've received an email saying that your office will explode if you don't forward on $US20,000 in Bitcoin, stay calm.

Even though the Fed has shed over $370 billion in assets since starting the great unwind, the balance sheet still sits at a gargantuan $4.0 trillion.

"Of course the President respects the independence of the Fed".

During his presidency, Richard Nixon convinced the Federal Reserve to keep interest rates low, reasoning that inflation was better than any rise in unemployment due to rising interest rates.

Trump has repeatedly broken with norms of recent decades, hammering the central bank this year over its moves away from the zero interest rate policy implemented during the global financial crisis. Powell will speak at a news conference at 2:30 p.m.

Theresa May vows to contest no-confidence vote outside Number 10
If there are multiple candidates, Conservative MPs hold a series of votes to choose two to go forward to a vote of party members. The victor of the vote becomes Conservative leader and prime minister, without the need for a national election.

Related News:

  • Trump signals healthcare reform to overtake 'unconstitutional' Obamacare

    Trump signals healthcare reform to overtake 'unconstitutional' Obamacare

    The case will now proceed through various levels of appeals, and some steps are likely to be taken that would postpone any impact. A Texas court sided with the attorneys and ruled in their favor that the mandate was unlawful.
    House Democrats to seek Trump tax returns: Pelosi

    House Democrats to seek Trump tax returns: Pelosi

    On Tuesday Trump Threatened to Shut Down Gov't in Oval Office Feud with Pelosi, Schumer if Congress did not fund his wall. They also envision investigations of Trump, his 2016 presidential campaign and his administration.
    UEFA opens proceedings against Arsenal over incidents in Qarabag game

    UEFA opens proceedings against Arsenal over incidents in Qarabag game

    However, Emery is facing a crisis in defence as he will be without suspended duo Shkodran Mustafi and Sokratis Papastathopoulos . Emery said: "First we need to have the mix in the first 11 with young players and players with experience".
  • Woman accused of being Russian agent expected to change plea

    Woman accused of being Russian agent expected to change plea

    As part of an agreement with prosecutors to change her plea to guilty, the 30-year-old is expected to cooperate with prosecutors. Butina, jailed since her arrest in July , had mounted an aggressive defence and tried to have the charges against her tossed.
    I won't lead Conservatives into next election, says Theresa May

    I won't lead Conservatives into next election, says Theresa May

    In terms of the result, the Conservative party leadership challenge comes as a test of its inner coherence. Brady announced yesterday morning the threshold had been reached and a confidence vote would be held later.
    May likely to delay vote on Brexit deal

    May likely to delay vote on Brexit deal

    "As a result, if we went ahead and held the vote tomorrow, the deal would be rejected by a significant margin", she said. The withdrawal agreement has been endorsed by European Union leaders but now needs Parliament's backing.
  • Brexit: May returns to United Kingdom  to face MPs after Brussels knockback

    Brexit: May returns to United Kingdom to face MPs after Brussels knockback

    The Brexit withdrawal agreement only talks about "best endeavours" being used to reach an agreement during the transition period. Luxembourg Prime Minister Xavier Bettel appealed to British MPs to keep the interests of their citizens in mind.
    Arsenal aiming for 21 unbeaten - But still need to improve…

    Arsenal aiming for 21 unbeaten - But still need to improve…

    Arsenal have just recently forced their way into the top four of the Premier League. Emery said: "I don't want simulation from our players".
    ‘No Room Whatsoever For Renegotiation’ of Brexit Deal, EU Head Juncker Says

    ‘No Room Whatsoever For Renegotiation’ of Brexit Deal, EU Head Juncker Says

    Should she lose a leadership contest would triggered further complicate the already intricate Brexit process. Mr Adams said the firm suspended betting because "we're 100 percent certain she's going to win".
  • Miss Universe 2018 Catriona Gray crowning moment

    Miss Universe 2018 Catriona Gray crowning moment

    Earlier, pageant critics believed that the 2018 Miss Universe crown would be a toss-up between the Philippines and South Africa. Last year's victor , South Africa's Demi-Leigh Nel-Peters, then presented Catriona with the crown and sash.
    Cohen says Trump told him to make hush money payments

    Cohen says Trump told him to make hush money payments

    The Washington Post found Trump's falsehoods so prolific that it began a feature tracking them since the start of his presidency. Asked if then-candidate Trump knew the payments were wrong, Cohen told ABC's " Good Morning America " program: "Of course".
    Trump spars with Schumer and Pelosi

    Trump spars with Schumer and Pelosi

    The meeting occurred several hours after House Republicans dug in on their demand for US$5 billion in support of Trump's stance. Pelosi later told the group of House Democrats that getting that vow from Trump was "an accomplishment".


Most liked

What Obamacare ruling could mean for your health care
All insurance plans are still required to provide a basic standard of benefits without lifetime caps as the law states. The opinion of federal Judge Reed O'Connor would be a shock to the health-care system, if it ever takes force.

Is Theresa May planning a second referendum... without Remain as an option?
Blair, who was premier between 1997 and 2007, in turn accused the Conservative leader of being "irresponsible". She is running out of options as time runs short for clinching a deal with the EU.

Strictly Come Dancing stars Joe Sugg and Dianne Buswell confirm romance
The Steps star said that, early on, she was angling to be partnered with Giovanni Pernice. "We're so busy dancing". She said: 'This year is the first year that I put the tree up.

Mick Mulvaney will serve as Trump’s acting chief of staff
He has also led efforts to draft a Middle East peace plan that the Trump administration said it will unveil in early 2019. Bush was rejected by Trump after he became aware of Abrams' criticisms of him during the election, according to CNN .

Trump Inauguration Committee Under Criminal Investigation Over Spending
Another subject of the probe will be possible foreign donations to the fund, which would also be violations of federal law. The newspaper notes that "giving money in exchange for political favors" is illegal, as is misuse of any donated funds.

Liverpool Fans Go Berserk For Staggering Alisson Statistic
Van Dijk revealed much of that is built on the team ethic which means being confident enough to challenge each other in order to maintain their high standards.

Movies Spider-Man: Into the Spider-Verse Easter eggs you missed
Silver Sable has stormed back to reclaim her stolen Sable International tech. Be sure to snag Marvel's Spider-Man now .

Canadian officials make contact with one of two Canadians detained in China
That pressure is part of the national security review of T-Mobile's $26 billion deal to buy USA rival Sprint , the sources said. Lu said the two Canadians' are suspected of acts that harm state security and that their legal rights were being "safeguarded".

Lakers’ LeBron James Clarifies ‘Garden’ Comments Made To Dwyane Wade
Cameroon big man Embiid has reportedly grown increasingly frustrated with his form since the acquisition of Jimmy Butler. Now, James is hoping to win a championship in the Western Conference for the first time in his career.

Two Israelis and two Palestinians killed in West Bank violence
A third incident on Thursday morning saw a man stab two Israeli border police in Jerusalem's Old City before being shot dead. Palestinian Hamas hailed Sunday's shooting, saying it proved "resistance" was still alive in the West Bank.

Shaktikanta Das assumes charge as new RBI Governor
Shaktikanta Das , the new Reserve Bank of India ( RBI ) Governor, attends a news conference in Mumbai , India, December 12, 2018. Uttarakhand's controller of communication accounts, Ashish Joshi, who like Das is a St.

Apple picks Austin for new campus
Apple will open a new 133-acre campus in Austin, Texas - approximately 1,500 miles from its Apple Park headquarters in Cupertino. The investment will follow announcements from other major tech companies, which have been laying out their US expansion plans.

Football Player Allegedly Murdered Pregnant Cheerleader, Left Body in Dumpster
Pregnant Woman Strangled to Death After She Objects to a Co-Passenger Smoking in Jallianwala Bagh Express Traveling to Bihar . Joseph County Jail". "Our condolences to the families involved in the tragedy that took place by our restaurant overnight".

Kotak positive on GAIL, ONGC after OPEC production cut decision
The decision was a very important step for the oil producers, the oil market and development of the oil industry in general". He appreciated the decision of the OPEC + countries to regulate the oil market and stabilize the oil prices.

"I Would Certainly Intervene" In Huawei Trial to Secure China Deal
Trump also said the White House has spoken with the Justice Department about the case, as well as Chinese officials . The International Crisis Group said Kovrig has been one of its full-time experts since February 2017.