×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: trump | fed | rate | stock market | growth

Trump: Fed's Rate Increases Restrained Stock Market Growth

(Americanspirit/Dreamstime)

Friday, 07 June 2019 08:58 AM

President Donald Trump repeated his criticism of the Federal Reserve’s interest rate increases and said the stock market would be 10,000 points higher had the Fed kept rates lower.

Without the rate increases, “the stock market would be up 10,000 points more, but now we have a very conservative approach,” Trump said in a taped interview with Fox News that was broadcast Thursday night.

The Fed’s interest rate increases in 2018 outraged the president, who went so far as to discuss firing Fed Chairman Jerome Powell with his advisers late in the year. Trump subsequently expressed confidence in Powell.

Earlier this week, Powell signaled an openness to cut interest rates if necessary, pledging to keep a close watch on fallout from a deepening set of disputes between the U.S. and its largest trading partners.

© Copyright 2022 Bloomberg News. All rights reserved.


StreetTalk
President Donald Trump repeated his criticism of the Federal Reserve's interest rate increases and said the stock market would be 10,000 points higher had the Fed kept rates lower.
trump, fed, rate, stock market, growth
134
2019-58-07
Friday, 07 June 2019 08:58 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved