The Director of the National Economic Council of the White House, Kevin Haysit, discusses the growth of the US economy by 3 % in the second quarter and the Federal Reserve leaves interest rates unchanged in evening liberalization.
president Donald Trump On Thursday, Federal Reserve Chairman Jerome Powell criticized after the central bank left interest rates unchanged on Wednesday, despite repeated calls to the president to reduce prices.
Trump took over the social truth platform of the Powell bombing, which he appointed as Latifa President in 2017, but he repeatedly criticized his leadership Federal Reserve In the years since then.
“He did it too late” again !!! It is too late, in fact, very angry, very stupid, and very political, so that it is a federal reserve chair. It costs trillion our country, as well as one of the most witnesses, or spoils, and we multiply, as we put it on construction!
On Wednesday, the Federal Reserve retained the fixed standard interest rate for the fifth consecutive meeting, noting the uncertainty about the impact of definitions on inflation and consumer prices as well as conditions in the labor market.
Powell President He said at the post -cancellation press conference that although inflation remains higher than the long -term goal of the Federal Reserve, the labor market works almost completely, leaving the central bank in a good position to reduce prices if economic conditions deteriorate.
He also pointed out that the customs tariff seems to increase the prices of consumers and pay inflation data to the top, although it is not clear that the long -term effect on the economy will be.
“The high definitions began to appear more clearly at the prices of some commodities, but their total effects on economic activity and inflation still should be seen,” said Powell. He went on to explain that the customs tariff can lead to an increase in prices for one time, or may lead to more continuous inflation that the Federal Reserve must evaluate and manage.
Before the Federal Reserve announced on Wednesday, Trump described the growth of the economy by 3 % in the second quarter, and wrote on the social truth that it was “better than expected!” He added, “It must now reduce the rate” is too late. “There is no enlarged!
This is a developing story. Please check again for updates.
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