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US Treasury Secretary Steve Menuchin gave badurances Sunday on the independence of the Federal Reserve, which is preparing to hold two-day monetary policy meetings and is expected to maintain its interest rates at the end, despite the rise of the US economy. In an interview with Fox, Menuchin described the performance of the US economy as "on the road to rapid and sustained growth" after growing 4.1% in Chapter 2.
But there was also forced to dispel the concerns raised by President Donald Trump. Finally, measures on the Federal Reserve to raise the price of the last
"We, as a management, absolutely support the independence of the Federal Reserve, and the President has clearly expressed", he said, "I want to make it clear that he fully respects the independence of the Federal Reserve."
While expecting a slowdown in growth for the rest of the year, Menuchin expects annual growth of at least three percent in the future .
"I do not think this phenomenon will continue for the year or two," he said. "I think we are certainly in a four or five year period of growth at least three percent "
US presidents are generally reluctant to accept the US central bank's public statements, but that did not stop Trump from criticizing earlier this month. "I do not like the fact that we are doing all this work in the economy, and then I see the interest rates going up."
The Federal Reserve did not comment on Trump's statements, and his officials told reporters an earlier statement "Central bankers retain their political independence deep within their nuclear DNA," he said. he declared.
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