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The President of the United States again lobbied the Federal Reserve against the rise in interest rates.
"I hope the members of the Federal Reserve will read the Wall Street Journal editorial before committing another mistake," Donald Donald said.
For the second consecutive day, Trump tried to influence [e que] to make decisions only from meaningless numbers.
by the Fed Monetary Committee.
For the vast majority of experts, the Federal Reserve will raise its key rate by 0.25 point Wednesday, bringing it to a level between 2.25% and 2.50%.
The Fed has not made it clear that it would increase its rates and an extraordinary event would put its political independence to the test.
A Trump's incessant pressure can only reinforce the Committee's decision: not to increase the cost of credit on Wednesday would give the impression that the institution, jealous of its independence, is under the orders of the President .
The highest interest rates increase all consumer loans and home loans, an inevitably unpopular measure. And that could weigh against a possible reelection of Trump.
More importantly, these rises strengthen the dollar, which meets the Trump Government's trade deficit reduction targets, making imports cheaper and products.
Neither Too Hot nor Too Cold
Analysts will focus mainly on statements by Fed Chairman Jerome Powell and on the statement to be issued Wednesday to try to determine the
Asked about repeated interventions From the president's monetary policy stance, contrasting with the attitude of his predecessors, White House spokeswoman Sarah Sanders defended Trump's freedom of expression.
"The Fed is an independent agency, it does not deprive the president of the right to give his point of view," he said, saying "this is one of the reasons people "
Uncertainty about the United States and the global economy weighs heavily on the financial markets, especially on Wall Street. A fall that also worries the president, who showed that he was linking the stock market to the success of his economic policy.
It is on this issue that Trump was attacked the day before.
"It's amazing that with a very strong dollar and virtually no inflation, that the world is exploding around us, that Paris is on fire and that China is going to collapse, the Fed only think of a new rise in interest rates, "he tweeted.
The Fed seeks to avoid the overheating of an economy fueled by the Trump government's tax cuts, while inflation was reaching the 2% target and the unemployment rate is at its lowest level since 1969 at 3.7%.
But in recent months, the world's largest economy has sent mixed signals and has become harder to read.
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