President Donald Trump has made his opinion clear: He desires the Federal Reserve to cease elevating rates of interest.
Presidents often keep away from criticizing the central financial institution, which is designed to be unbiased from political interference. However Trump has repeatedly lashed out at Fed Chairman Jerome Powell.
“I am not thrilled together with his elevating of rates of interest, no. I am not thrilled,” the president, who himself appointed Powell to steer the central financial institution, advised Reuters on Monday. “I must be given some assist by the Fed.”
Will Trump be capable to strain Powell into altering course?
Rick Rieder, BlackRock’s chief funding officer of world mounted revenue, will be part of CNN chief enterprise correspondent Christine Romans to speak about it Wednesday on “Markets Now.”
Rieder and Romans may even focus on upcoming commerce talks between the US and China.
CNNMoney’s “Markets Now” streams reside from the New York Inventory Change each Wednesday at 12:45 p.m. ET. Hosted by CNNMoney editor-at-large Richard Quest and others, the 15-minute program options incisive commentary from consultants.
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— CNN’s Donna Borak contributed to this report.
CNNMoney (New York) First printed August 21, 2018: three:39 PM ET