U.S. Commerce Secretary Wilbur Ross said in a television interview on Wednesday ...
FILE PHOTO: Commerce Secretary Wilbur Ross attends a press preview event of the upcoming Paris Air Show at the National Press Club in Washington, U.S. June 6, 2019. REUTERS/Leah Millis
WASHINGTON - U.S. Commerce Secretary Wilbur Ross said in a television interview on Wednesday the Federal Reserve should reconsider its last rate increase, which he said was premature. “I think the Fed taking a more cautious attitude on rates and reconsidering, in effect, the last rate increase that they put in, I think that’s good. I think they should reconsider. I think it’s quite likely that that last increase was, at best, premature,” Ross told Bloomberg TV.
After two days of policy-setting meetings this week, Fed officials will soon issue updated rate projections. The Fed has come under pressure in recent months amid President Donald Trump’s trade wars and other signs of economic weakness. Additionally, Trump has repeatedly attacked the central bank, whose political independence is seen as key to the country’s economic stability.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Trump says 'devalued' currencies put US at a disadvantage and the Fed doesn't have a 'clue'President Donald Trump said Tuesday the U.S. is at a disadvantage compared to other major currencies like the euro as other central banks keep interest rates low while the Federal Reserve's rates are higher by comparison.
Weiterlesen »
‘Not My People’—Trump Hectoring of Fed Chairman Complicates Rate CallsRepeated criticisms from the president are part of the context in which Jerome Powell must decide whether threats to the economy, including from trade fights, dictate an interest-rate cut soon.
Weiterlesen »
Dollar hovers near 11-week low on Fed rate cut betsThe dollar hovered near an 11-week low against its peers on Wednesday, weighed b...
Weiterlesen »
Experts warn of Chinese drone dominance in U.S. - Reuters TVWhile the U.S. department of defense has banned Chinese-made DJI drones, at least 200 law enforcement agencies across U.S. cities use them according to registration data with the FAA. Several experts in the drone industry - who are concerned about Chinese spying - say that's a risk.
Weiterlesen »
BoE's Saunders says UK rates may need to rise before markets expectThe Bank of England will probably need to raise interest rates sooner than finan...
Weiterlesen »
Commerce Secretary Wilbur Ross predicts Trump and China will reach a trade deal — 'even shooting wars end in negotiations'“Eventually, this will end in negotiation,” Secretary Ross said about China-U.S. trade earlier today. “Even shooting wars end in negotiations.”
Weiterlesen »