US President Donald Trump advises Fed not to consider interest rate hike

Washington: US President Donald Trump advised the Federal Reserve (Fed) not to raise interest rates at its meeting this week, given the strength of the dollar and an almost absence of inflation. “It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike,” EFE news quoted Trump as saying in a tweet. “Take the Victory!” he added. The US President was attacking the US central bank the day before its last meeting on monetary policy of the year. (IANS)

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