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Trump demands Fed help to boost US economy, 'not thrilled' with rate hikes

The president spooked investors in July when he criticized the US central bank over tightening monetary policy

Reuters  |  Washington 

US President Donald Trump said on Monday he was "not thrilled" with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the US central bank should do more to help him to boost the economy. In the middle of international trade disputes, Trump in an interview with Reuters also accused China and Europe of manipulating their respective currencies. American presidents have rarely criticized the Fed in recent decades because its independence has been seen as important for economic stability. Trump has departed from this ...

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First Published: Tue, August 21 2018. 23:44 IST
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