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The US central bank raised the base rate in June for another period this year and estimates that there will be two interest rate increases in 2018.
The president said at CBS that he was not satisfied with the decision.
Trump admitted in the interview that his comment could probably worry a lot because the central bank is an independent entity that does not want to speed up the economy.
According to his statement, the dollar fell from 112.84 yen to 112.46 yen
He proposed the law and several responded to the presidential statements.
No immediate threat
Carl Tannenbaum, former director of the central bank and current chief economist of private and financial bank Northern Trust, is among those who respond.
– The comment is certainly not an immediate threat to the independence of the central bank, but it breaks with the tradition of keeping a respectful distance, he says, and adds that it is n & # 39; Is not satisfied.
Not Concerned
Also, former Central Bank manager Randall Kroszner reacts but is not worried.
– The Bank Resisted
Central Bank Chief Jerome Powell was appointed by Trump early in the year.
(© NTB)
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