The Fed is thinking globally despite Trump's push for an 'America First' monetary policy via YahooFinance
The Federal Reserve is paying attention to the effects of its interest rate policies on other countries, despite President Donald Trump’s efforts to pit the Fed against the central banks of the world.
Trump, meanwhile, wants the Fed to actually weaponize its monetary policy against other countries. Among his many criticisms of the Fed, Trump has called on the central bank to cut rates to match the low or negative interest rate policies in countries he considers competitors. Trump tweeted a day before the Jackson Hole conference began:
The “global” interest rateAs Carney noted, most central banks have domestically focused mandates. In the U.S., Congress gave the Fed a dual mandate of price stability and maximum employment . The four rate hikes under Fed Chairman Jerome Powell have notably drawn the ire of Trump, who appointed Powell for the role in February 2018. In tweets, Trump bashed the central bank for tightening policy while the world was easing.
“We stress that a direct comparison of interest rates across countries is too coarse a measure of monetary policy divergence or lack of monetary policy coordination,” said research from San Francisco Fed’s Òscar Jordà and University of California Davis’s Alan Taylor.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall Street Journal To 'Chairman' Trump: 'This Isn't The People’s Republic Of America'The editorial slammed Trump&39;s imperious order to U.S. businesses, blowing a gasket and tanking stocks in no-win trade war with China.
Leer más »
Trump Would Reap Millions For His Company If Fed Slices Interest RatesA full percentage cut would reportedly save the president $3 million annually in interest payments.
Leer más »
The interest rate declines that have worried investors, economists, and the Fed are your mortgage's faultThe unique ability to refinance a mortgage is causing interest rates to decline even faster, causing worries for investors and the Fed.
Leer más »
Fox News contributor claims media 'think the American people should be punished' for electing Trump'They're in their own separate reality,' Tammy Bruce alleged.
Leer más »
Endless fear: Undocumented immigrants grapple with anxiety, depression under TrumpOngoing threats are exacerbating the daily fear and anxiety millions of undocumented immigrants experience daily across the United States.
Leer más »