UP

Fed remains a target as the economy falls for Trump

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto
Fed remains a target as the economy falls for Trump

It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data shows an economy in “reasonably good” shape, as the head of the central bank recently said.

Axar.az reports citing Reuters that behind this confusing dance between a norm-breaking Republican president and a stick-to-its-knitting Fed lies a dilemma for Trump.

“Reasonably good” is not what Trump promised to deliver during his 2016 campaign, and at this point he heads into a reelection year short of the key economic goals he set and worried a recession could undermine his bid for a second term.

Growth is ebbing and well below the 3% annual rate he said his administration would hit; the trade deficit has widened and there is no sign of the “easy” victory he said would come in a trade war with China; far from the surge in investment he promised would follow a corporate tax cut, business capital spending of late has been a drag on growth overall.

When rates remained low through President Barack Obama’s reelection campaign and second term, Trump said the Fed had “become very political.” Advisers familiar with his thinking say he now expects the same treatment, even if the economy is in a different place.

Date
2019.08.12 / 17:01
Author
Axar.az
See also

United Airlines to cut flights amid soaring fuel costs

Oil prices rise on global energy markets

Azeri light crude rises to $122.7

Gold and silver production declines in Azerbaijan

Brent climbs above $118 per barrel

Switzerland’s FDI in Azerbaijan hits significant milestone

Oil prices continue to fall

Azerbaijan’s oil exports reach 3.6M tons in two months

Azerbaijan-US remittances rise sharply in 2025

Azerbaijan’s natural gas exports increase by 5%

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla