MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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US Fed chairman hints at higher rates following Trump attack
By artappraiser on Wed, 11/28/2018 - 1:43pm |By Agence France Presse via Yahoo News, Nov. 28
Washington - A day after President Donald Trump's latest attack on the US central bank, Federal Reserve chief Jerome Powell hinted that the key lending rate would move higher but said there was no preset course.
Powell said in a speech in New York that interest rates remained "low by historical standards" and still provided stimulus to the economy. But he said the Fed's gradual increases balanced the risks between raising too much and not enough. He also said the central bank did not see "dangerous excesses" in stock markets, with the financial system now "substantially more resilient" than it was before the 2008 financial crisis.
Trump on Tuesday again blasted his hand-picked chief of the US central bank, saying he was "not even a little bit happy" with his selection of Powell [....]
URL:
https://www.yahoo.com/news/us-fed-chairman-hints-higher-rates-following-trump-172525241.html
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