US President Donald Trump has urged the Federal Reserve to lower interest rates in its next policy meeting.He said that the central bank is "afraid of inflation."His comments came as the Federal Open Market Committee (FOMC) released minutes from its July 28-29 meeting, which showed "many" policymakers expected higher rates to be necessary unless inflation shows more progress.
Trump Urges Fed to Lower Interest Rates Amid Inflation Concerns
Newsbytes•
Full News
Share:
Disclaimer: This content has not been generated, created or edited by Achira News.
Publisher: Newsbytes
Want to join the conversation?
Download our mobile app to comment, share your thoughts, and interact with other readers.