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Trump Slams Fed Hours After Powell Lifts Interest Rates

From bloombergquint.com

President Donald Trump again expressed his frustration with the Federal Reserve, this time just hours after the U.S. central bank raised interest rates. “We are doing great as a country,” Trump said Wednesday at a press conference in New York. “Unfortunately they just raised interest rates a little bit because we are doing so well. I am not happy about that.” The Fed’s sixth increase since Trump took office in January 2017 brought the benchmark rate to a range of 2 percent to 2.25 percent. Three of those hikes have come this year under Chairman Jerome Powell, the president’s pick to replace Janet Yellen. “Basically, ... (full story)

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