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3/22, 10:58 AM (Source: TeleTrader)
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Trump: Fed's rate hikes hampering economic growth

United States President Donald Trump accused the Federal Reserve of interfering with the country's economic growth with rate increases during an interview with Fox Business, expressing hope the central bank won't do any more tightening.

"The world is slowing, but we’re not slowing," the president claimed, adding the US "would have been at over 4% instead of at 3.1% if it didn't have somebody that would raise interest rates and do quantitative tightening."

Earlier this week, the Federal Reserve's Federal Open Market Committee decided to keep the interest rates unchanged until the end of the year while lowering its economic growth estimate for 2019 to 2.1%.

Breaking the News / MD