US Fed rate hike of 25 bps expected tonight: Trump wants interest rates cut or left untouched

There is widespread expectation that US Fed will hike policy interest rate to curb inflationary tendencies in the US economy. However, in doing so, Fed chairman Kevin Warsh risks incurring the wrath of president Donald Trump, who wants a cut in rates or to leave them unchanged.

Kolkata: Will US Fed raise interest rates as indicated by its chairman Kevin Warsh recently in a speech? While delivering the annual economic symposium in Jackson Hole, Wyoming on August 28, the US Fed chair said that the US central bank will have “work to do” if inflation did not move back toward its 2% target rapidly. As the US Fed is poised to announce it decision today, the widespread expectation is that he will opt for hiking rates, even if it doesn’t amuse........

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