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Statement in a TV interview Trump on interest rate hikes by Fed – "I'm not excited"
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Trump said that he was talking about rate hikes The Fed "is not satisfied"
Source: REUTERS
The Fed has already raised its rates twice this year and reported two other strikes, US President Donald Trump claiming in an interview that he was "not thrilled" S President Donald Trump criticized the interest rate hikes of CNBC on the US Federal Reserve, saying, "I'm not thrilled," he told the TV channel in an interview Thursday, after each stimulus, the monetary authorities wanted to further raise rates, "I'm not not happy about that, "explained Trump," but at the same time I let them do what they think is the crumb
Trump's testimony provoked reactions on the markets. As the dollar collapsed, the price of gold jumped significantly higher
Euro in US dollars
Source: Infograf WELT / Paul Daniel
DWO_FI_Gold_in_Dollar
Source: Infografik WORLD, Bloomberg
The Fed has already raised its key rates twice this year in the light of the current recovery – at the current range of 1.75 to 2.0 per cent. In addition, the central bank announced two new steps up for the second half of the year. On Wednesday, the Fed said in its economic report "Beige Book" that the concerns of US companies regarding the negative consequences of Trump's pricing policy are steadily growing.
Interest rate hikes do not even meet with bankers. A major US Federal Reserve recently advocated a break in rising rates. The reason is the reduction of the difference between long-term and short-term government bond yields to just over the equivalent of a 25 basis point rise, said the Fed chief. from Minneapolis, Neel Kashkari.
Highest level since the financial crisis
This suggests that there is little reason to further increase rates, d. reverse the rate curve, slow down the economy and risk a coming recession. "If inflationary expectations or real growth prospects increase, the Fed can still raise interest rates."
Kashkari largely alone with his opinion
The gap between US Treasuries yields at 10 years and 2 years fell on Monday eleven years low. A yield curve is the opposite when short-term government bond yields outperform returns for cross-country skiers.
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