Fed's current policy path would boost recession risk -Bullard

Trump slams ‘too independent’ Fed as his ‘biggest threat

Trump slams ‘too independent’ Fed as his ‘biggest threat

Gary Richardson, a Fed historian and professor of economics at the University of California at Irvine, was more blunt: "When Trump appointed Powell, he appointed someone who's going to raise interest rates", Richardson said. This would move U.S. interest rates slightly above what policymakers say is "neutral" - that is, neither slowing nor speeding the economy - but some participants said the Fed would need to go even further than that.

JAPAN TRADE: Japan recorded a trade surplus for September of 139.6 billion yen ($1.2 billion), but exports fell 1.2 percent from the previous year in the first decline for the world's third largest economy since 2016. But the courts ruled in a case decades ago involving the Federal Trade Commission that this language has to involve more than a policy disagreement between the president and the Fed.

"If you look at what is actually going on in the economy - when you look at the real numbers - we're way exceeding on growth, we're way exceeding on employment, and the Fed is basically on target", Cohn told CNBC's "Halftime Report."

Donald Trump has attacked the soft underbelly of the Federal Reserve's campaign to raise interest rates, exposing what Jerome Powell himself probably recognizes is a potential vulnerability.

In Tuesday's interview, though, Trump said of his other nominees for the Fed, "I put a couple of other people there I'm not so happy with too but for the most part I'm very happy with people".

The dollar rose to its best level in two weeks on Wednesday, as the US Federal Reserve signaled that the strong economy continues to justify additional interest-rate increases, Dow Jones Newswires reported. Focus on the USA economy will be increasingly on signs of inflation and wages picking up in determining the path of future monetary policy next year and beyond, the report added. Carney came to Powell's support in an interview as he said that the latter "is an individual that really understands the plumbing of the US and global financial systems".

More news: LeBron James announced his arrival to the Lakers with a thunderous dunk
More news: Taliban attack kills top Afghan officials, U.S. general unhurt
More news: Sabarimala row: Angry protesters attack 4 women journalists, auto smashed

Alan Greenspan, a legendary Fed Chairman who served under four different presidents from 1987 to 2006 said that it was all too common during his years as well to receive recommendations or insight from the president. As the Fed increases rates they will see how the market reacts for both the short and long term. But as a sitting member of the Fed Board, Quarles is also a voting member of the Federal Open Market Committee.

"Powell's task has been made much more complicated by what Trump has said", said economist Joseph Carson.

Also weighing on market sentiment, U.S. Treasury Secretary Steven Mnuchin said he would not attend next week's investment conference in Saudi Arabia.

The Fed has raised interest rates eight times since the end of 2015, including three times in 2018, taking the Fed Funds rate range to between 2% and 2.25%.

The result though is that inflation may no longer be the best indicator of whether the economy is overheating, Powell said in an August 24 speech.

Rounds says worldwide factors, like tariffs also play into the economic uncertainty...

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.