Global Analysis from the European Perspective. Preparing for the world of tomorrow

Trump warns US Fed against making ‘yet another mistake’

The Fed is widely expected to announce an interest rate rise – its fourth in a year – on Wednesday.

But with financial markets in turmoil and fears of recession growing, some critics are questioning the plan.

In a tweet, President Trump advised the Fed to “feel the market” and not to “just go by meaningless numbers”.

His remarks bring unprecedented pressure on the central bank as policymakers meet in Washington for a two-day meeting. Source BBC

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