Adds that we do not have a problem with inflation
US President Trump speaking his mind on the Federal Reserve. No one will ever refer to Trump as a shrinking violet, being forthright once again here on the what the Fed is up to.
The question is, of course, is how much he will or will not manage to influence the Fed with remarks like these, or whether such comments will backfire and harden resolve at the central bank to push ahead with hikes to show its independence.
Trump speaking with CNBC
- Has not talked to Fed Chair Powell
- Does not want to get involved
For the currencies, a small response only. The USD has already lost ground overnight so the remarks may prompt some profit taking (cough).