The Federal Reserve has erased nearly half of all the rate increases of the past two years since July -- but now the central bank is expected to halt any further cuts even as President Donald Trump continues to push for more.
The reason: It's still not clear where the global economy may be heading next year, and any additional rate cuts now will only leave policymakers with fewer tools to help cushion the US if things turn sour.
Trump pushing for lower ratesSince last year, Trump has kept up his attacks on his Fed chairman, whom he nominated for the job more than two years ago in November 2017, especially as he makes the economy a centerpiece of his re-election campaign.
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Former Trump Aide Rick Gates Flipped Against Trump—Now He May Avoid Prison TimeI’m a San Francisco-based reporter covering breaking news at Forbes. Previously, I’ve reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
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