Howard to blame for interest rate pressure wavering? In November, Mr. Yellen, in her testimony before the Federal Reserve Committee on July 28, said the Fed wouldn’t respond to a request by President-elect Donald J. Trump to lower interest rates for the first time since 2013 until the U.S. economy has grown about 1 percent a year for the next five years.
So why does Mr. Trump want to pull back from the current 0.25 percent target for the Federal Reserve?
„The economy in many ways is being held hostage by the political culture on the right,“ said David Stockman, president of the Federal Reserve Bank of Dallas and former Federal Reserve governor. „That has to change.“
And why would he want to?
It is the largest single Fed policy interest rate increase in two decades, but Mr. Trump’s political opponents, including Mr. McConnell, are hoping he will eventually seek to change the subject to other issues.
„That’s going to be the big question going forward,“ Mr. Stockman said. „We’re in an election year right now, which is when he has t더킹카지노he biggest say on this, so what are the 더킹카지노policies he might be pushing in terms of spending and taxes?
„I think it’s important to realize that the Fed is goin바카라g to see that as a long-term concern and that it needs to change from being a short-term concern, and actually a long-term commitment.“
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