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In an interview with the US television channel CNBC Trump was not necessarily in agreement with interest rate increases, although he says he have named "a very good man" with the Fed.
The businessman said that every time "when we go up, the Fed raises the interest rates". He did not like to maintain interest rates, while "we" invested so much work in the economy.
He was probably talking about the booming American economy. The Federal Reserve has been trying for years to stimulate the US economy.
Now that it seems to have succeeded, the central bank is extending its stimulus policy. The Fed is expected to raise the interest rate twice this year in the United States, which will make borrowing more expensive.
Independence
The White House pointed out after the interview in a statement that Trump is not trying the Fed's decision-making process. influence. "Of course, the president respects the independence of the Federal Reserve."
Although central bankers are appointed by politics, central bank governors must make their decisions independently. For politicians, it is tempting to ensure that a central bank stimulates the economy to vote in favor of voters, while that might not be good for a long-term economy.
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