Date: 2 months ago   Category: Finance

Trump has shown discontent with increase in FRS of a base interest rate — Rambler News Service


Trump has shown discontent with increase in FRS of a base interest rate
Photo: The U.S. President Donald Trump has shown to globallookpress.com/Ting Shen discontent with the decision of the Federal Reserve System (FRS) to raise a base interest rate, the Reuters agency has reported. "At us in the country everything is fine. Unfortunately, they have raised an interest rate because we are fine. I am dissatisfied with it" — the American leader has said. According to Trump, he would pay attention to other problems, for example, to repayment of a national debt or creation of new jobs. The U.S. President has expressed concern to those that "FRS, apparently, is pleasant to raise an interest rate". FRS has raised a base interest rate from 1,75-2% to 2-2,25% the day before, on September 26. "Existing and expected conditions in labor market and inflation" became the reason. Before FRS raised a rate at a meeting on June 13. During the next meeting which has taken place on August 1 the committee on operations in the open market of FRS has decided to keep a rate at the previous level. According to the newspaper The Washington Post, FRS can raise a base interest rate in December of the current year and still three times next year, despite Trump's appeals to hold her at the existing level.

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