{"id":88842,"date":"2018-08-23T19:40:26","date_gmt":"2018-08-23T19:40:26","guid":{"rendered":"http:\/\/www.bnreport.com\/rate-hike-criticism-by-donald-trump-wont-sway-us-fed\/"},"modified":"2018-08-23T19:40:26","modified_gmt":"2018-08-23T19:40:26","slug":"rate-hike-criticism-by-donald-trump-wont-sway-us-fed","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/rate-hike-criticism-by-donald-trump-wont-sway-us-fed\/","title":{"rendered":"‘Rate hike criticism by Donald Trump won’t sway US Fed’"},"content":{"rendered":"

By Christopher Condon
<\/strong>
Federal Reserve Bank of Kansas City President Esther George<\/a> favors two additional interest-rate increases this year as long as the U.S. economy continues to gradually improve, adding that criticism by President Donald Trump<\/a> will not influence the U.S. central bank. <\/p>\n

\u201cMy own forecast is that it will be appropriate to raise rates a couple more times this year,\u201d George told Kathleen Hays in an interview on Bloomberg Television<\/a> in Jackson Hole<\/a>, Wyoming. <\/p>\n

Trump complained to wealthy Republican donors at a Hamptons fundraiser on Friday that he expected Jerome Powell to be a cheap-money Fed chairman and instead the man he picked for the job had raised rates. <\/p>\n

George said she wasnt feeling any political heat. <\/p>\n

\u201cI dont feel personally that it impedes our ability to make decisions,\u201d she said. \u201cThis committee is very focused on the mandate given to us by Congress to try to make decisions that are in the long-run interest of a growing economy.\u201d <\/p>\n

George hosts the Kansas City Feds annual policy symposium in Wyomings Grand Teton National Park and will get the event formally underway with a dinner at 8 p.m. New York time. Powell headlines the conference with a speech at 10 a.m. Friday on monetary policy<\/a> in a changing economy. <\/p>\n

September Hike<\/strong>
Fed officials are getting ready to raise interest rates again next month amid an intensifying debate on how much higher to go amid strong labor markets and robust growth, minutes of their July 31-Aug. 1 meeting released in Washington on Wednesday showed. Investor expectations for a move next month are above 90 percent according to pricing in interest rate futures markets. <\/p>\n

The U.S. economy expanded at a 4.1 percent pace in the second quarter and tracking indices from the New York and Atlanta Feds show it continues to grow. Unemployment is 3.9 percent, the lowest since 2000, and inflation measured by the Feds preferred price gauge rose 2.2 percent for the year ending June. <\/p>\n

George suggested the more difficult debates facing the Fed revolve around how far it will raise rates before at least pausing its upward march. George said she estimated the so-called neutral rate \u2014 the level at which the Feds policy rate neither drives nor restrains the economy \u2014 at 3 percent. She wouldnt say where she thought rates should level off. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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By Christopher Condon<\/p>\n

Federal Reserve Bank of Kansas City P..<\/p>\n","protected":false},"author":1,"featured_media":88843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-88842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n'Rate hike criticism by Donald Trump won't sway US Fed' - Business News Report<\/title>\n<meta name=\"description\" content=\"By Christopher Condon Federal Reserve Bank of Kansas City P..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/rate-hike-criticism-by-donald-trump-wont-sway-us-fed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'Rate hike criticism by Donald Trump won't sway US Fed' - 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