• An unusual curveball from the White House is hurtling towards the Fed

    8 monthes ago - By Business Insider

    President Donald Trump recently said he was not thrilled that the Federal Reserve is raising interest rates.
    His comments are unlikely to influence the Fed's internal decision making.
    Instead, the Fed is likely to continue raising borrowing costs, even in a Midterm election year, to contain inflation until it becomes obvious that a pause is necessary.
    Vincent Reinhart is chief economist at Standish, part of BNY Mellon Asset Management North America.
    We read the headlines, too. That a public official, especially one raised in the real estate business, does not like increases in interest...
    Read more ...