President Donald Trump on Thursday said he's "not thrilled" the US central bank under Fed Chairman Jerome Powell is continuing to raise interest rates, suggesting the Fed may be undercutting his efforts to grow the economy.
Trump argued the Fed's rate hikes went against "all of the work that goes into doing what we're doing".
The Fed has been set on a slow and steady path of interest rate hikes over the past two years, leading economists to wonder if the central bank could tamp down some of Trump's promised economic growth.
A Fed spokesman declined to comment on Mr Trump's remarks but referred a reporter to comments Powell made this month in public radio interview in which he said he was "not concerned" by any threat to central bank's independence.
A weekly recap of the top political stories from The Globe, sent right to your email.
Fed officials, including Chairman Jerome Powell, have raised interest rates twice this year and have pointed to two more before the end of 2018. That episode ultimately triggered runaway inflation that took a decade to tame and required raising the Fed's policy rate above 15 percent - more than eight times the rate's current average.
In his remarks to CNBC, Trump called Powell "a very good man".
Dozen new moons discovered around Jupiter, count reaches 79
The scientists note that they were able to discover these new moons thanks to the lower detection threshold of the telescope. Followup observations were conducted from four other telescopes, in Chile, Arizona and Hawaii, to confirm the finds.
Donald Trump said he was concerned about the potential impact on the USA economy and American corporate competitiveness from rising rates and a stronger dollar.
"So somebody would say, 'Oh, maybe you shouldn't say that as president.' I couldn't care less what they say, because my views haven't changed".
The U.S. dollar index.DXY cut its gains after Trump's comments, while yields on U.S. Treasury securities hit session lows.
The White House defended his remarks, saying, "Of course the President respects the independence of the Fed". US stock prices briefly pared losses after Trump's comments on interest rates. Subtracting inflation, the rate is slightly negative in real terms and still "accommodative" for growth and borrowing, as the Fed said in its June statement. In June, the nation's central bank raised rates for the seventh time since December 2015, in a move created to slowly cool the economy.
During the 2016 presidential campaign, Trump was highly critical of the Fed and accused its policymakers of keeping rates at ultra-low levels to favor Democrats. Rubin argued for that policy to be maintained in a New York Times op-ed piece a year ago when the White House was mulling the choice of Yellen's successor. In emerging markets such as Turkey, the government of President Recep Tayyip Erdogan has felt no such restraint. But the past three administrations under Bill Clinton, George W. Bush and Barack Obama have refrained from publicly commenting on policy decisions.
"The Fed's reckless monetary policies will cause problems in the years to come", Trump tweeted in 2011.
The last known example of US presidential strong-arming came when George H.W. Bush was fighting for re-election.
In the wake of these warnings the Japanese banks then notified that they would stop settling transactions related to Iranian Oil. President Trump took to Twitter in late June, when oil prices were on the rise as many feared tightening oil supplies.
Delle Donne will pick first among the remaining pool of 20 All-Stars and they'll alternate selections to fill out 11-player teams. The Lynx are 8-4 when Augustus scores at least 10 points, and are 7-3 when she shoots 50 percent from the field or better.
A Tennessee man looking for love has been arrested and charged with stealing his date's vehicle and taking her friend out instead. The suspect apparently had a previous record, when he was first arrested in 2016, after he and two others robbed a restaurant.
However, despite her quick acclimation, it seems she "has found certain rules in the royal household hard to understand". Sharon Osbourne made comments about the state of Thomas Markle's sobriety on USA talk show The Talk .
Subscribe to our SMS sports service by texting "SPORTS" to 22840. "I would like to look at them in the eye and see what is best". Maurizio Sarri says he would like Chelsea to keep their best players but admitted the matter could be out of his hands.
Over time, the person imagines what it would have looked like which may result in their mental representations becoming a memory. The researchers studied the content, language, nature and descriptive detail of the early memory descriptions.
It gave him a one-shot lead and little more than bragging rights in the house of stars where he is staying. The key was not that he had just 26 putts but that he avoided most of the punishing Carnoustie bunkers.
He said: "Getting along with President Putin, getting along with Russian Federation , is a positive, not a negative". Leaders of so-called rebel republics in Donetsk and Luhansk held referendums in May 2014 that declared independence.
Tornado outbreak in Iowa causes catastrophic damage
Iowa Governor Kim Reynolds tweeted: "Devastated to see the destruction from today's severe storms and tornados". Some funnel clouds appeared as a result of the thunderstorm as it traveled north of Des Moines near Bondurant.
Fakhar Zaman and Imam-ul-Haq share record ODI opening stand
With this feat, he also became the country's highest scorer in any ODI, surpassing Saeed Anwar's 21-year old record of 194. Opener Fakhar Zaman became Pakistan's first double centurion in one-day global cricket, achieving the accolade during ODI.
Hong Kong police seek ban on separatist party
HKNP leader Chan Ho-tin confirmed on Tuesday that he had been visited by a police officer who handed him a letter. China's national legislature has also toughened laws against disrespecting the national anthem.
Iceberg drifting close to Greenland village spotted in…
KNR reported that strong winds and elevated tides moved the iceberg northward, away from the harbour, over the weekend. Nearby residents were evacuated on July 12 after the iceberg started to float within 100 meters of the village.