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As Trump Admin Pushes For Rate Cuts, Fed Remains Unmoved

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Barely a week after the U.S. Federal Reserve called a halt to interest rate hikes, policymakers are now battling a view growing in financial markets, and embraced by the Trump administration. Namely, that the Fed will need to cut rates before long. President Donald Trump’s top economic advisor Larry Kudlow said Friday on CBNC that while there is “no emergency,” the Fed should cut rates to protect the U.S. economy from slowing down. But according to Reuters, no fewer than five Fed officials have touted the underlying strength of the American economy. They argue the recent spate of weak data on business activity is more likely to prove fleeting than lasting. Even the Fed’s two most dovish policymakers - the presidents of the St. Louis and Minneapolis regional banks - say they aren't ready to agitate for the central bank to start reversing three years of rate increases.

Added on the 29/03/2019 19:51:03 - Copyright : Wochit

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