Al Czervik Posted December 19, 2018 Share Posted December 19, 2018 https://www.dailymail.co.uk/news/article-6513257/FED-DEFIES-Trump-hikes-rates-despite-presidents-unceasing-attacks.html Federal Reserve hikes interest rates in defiance of Trump - and its chair tells president 'nothing will deter us' from more raises as share prices plunge after move The Federal Reserve announced its decision on rates after extraordinary public pressure from the president Hike of 0.25 per cent Benchmark rate at 2.5 per cent Said more rate increases were appropriate News wiped away morning 350 point gain in the Dow Powell said 'political considerations play no role whatsoever in our discussions' Said 'nothing will deter us from doing what we think is the right thing to do' Trump on Tuesday argued against a hike and urged the Fed to 'feel the market' He has also attacked Fed Chair Jerome Powell in interviews and on Twitter Decision comes amid a strong job market but some signs of economic cooling A volatile market has wiped out 2018's stock market gains The move impacts borrowing across the board Link to comment Share on other sites More sharing options...
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