Date: 4 weeks ago   Category: Finance

FRS did not lower a rate against the background of Trump's criticism again — Rambler News Service


Photo: globallookpress.com/Ting Shen the Committee on operations in the reopened market of the U.S. Federal Reserve decided not to change a base rate and kept it at the level of 2.25-2.5% per annum, it is told in the press release of FRS. "According to the authorized mandate the committee seeks to promote the maximum employment and price stability. In support of these purposes the committee decided to keep the target range of a rate at the level of 2.25-2.5%" — reported the regulator. At the previous meeting the regulator also decided not to change rate level. The committee still expects the stable growth of economic activity to the USA, good conditions in labor market and inflation near a target mark of 2%. Earlier the U.S. President Donald Trump on the Twitter in response to article of Bloomberg about influx of tourists to Europe criticized FRS for a high base interest rate. According to him, euro and other currencies are devaluated in relation to dollar that handicaps the USA. Also Trump said in an interview to CNBC TV channel that China, unlike the USA, devaluates the currency for years and gets advantage over the USA where FRS which does not reduce interest rates.

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