Trump calls US Federal Reserve his 'biggest threat'

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World 17 Oct 2018 US Senator urges Trump to name China as 'currency manipulator'

The focus should be on the administration's economic policies. The Fed has always been seen as needing to remain free of political pressure to properly manage rates, and presidents have generally respected that independence, especially publicly.

US stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes. They signaled they see at least three more rate hikes as necessary in 2019.

NO: The Fed was irresponsible to lower interest rates far too low for far too long. This usually may lead to an intervention by the Fed to lower rates. Here are five fixed-income ETFs investors should consider as the Fed institutes more short-term rate hikes. Long-term interest rates, which are just as important to economic growth, are not under its control.

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Donald Trump has publically criticized the decisions of the institution to raise the benchmark interest rate. "And it's independent, so I don't speak to them, but I'm not happy with what he's doing because it's going too fast". "It's going too fast, you looked at the last inflation numbers, they're very low".

"I think there is some potential for labor force participation to move up, perhaps as workers respond to the incentives of plentiful job opportunities and higher wages", said Quarles, "thereby adding to the productive capacity of the economy and pushing back the constraints on growth". And maybe it's right, maybe it's wrong. "I put [Powell] there". With a low unemployment rate and strong economic growth, the Fed can make a strong case for raising rates. The continued "gradual" rate increases are regarded as insurance against that possibility. That consideration was cited by a number of officials at their meeting last month, according to minutes of the gathering released Wednesday. A stronger dollar is usually not supportive of the United States manufacturing industry. Christine Lagarde, the managing director of the International Monetary Fund also commented on the issue. This was less than a year after the Fed ended the QE program.

In the Treasuries market, the 10-year yield was little changed after earlier rising to a one-week high as the equities sell-off offset worries about the number of upcoming interest rate increases from the Fed.

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- Federal Reserve policymakers eye neutral rate push in 2019/20. I've known him for years. That would put it above the 3 percent level which the Fed now pegs as its "neutral rate".

The Fed should "follow that course through the temporarily shifting and sometimes conflicting signs from the economy unless some strong and steady signal requires a firm but moderate correction", he told the Economic Club of NY.

President Trump has been critical of the increases, saying they may slow business growth.

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"Contacts also suggested that firms were attempting to diversify the set of countries with which they trade - both imports and exports - as a result of uncertainty over tariff policy", the minutes said.

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