Trump warns Federal Reserve against interest rate hike

WASHINGTON, President Donald Trump on Tuesday urged the Federal Reserve, the US central bank, to not make another mistake by raising interest rates.

I hope the people over at the Fed will read today's Wall Street Journal

Editorial before they make yet another mistake, he tweeted. Also, don't let

the market become any more illiquid than it already is. Stop with the 50 B's.

Feel the market, don't just go by meaningless numbers. Good luck!

The Journal editorial called for a pause in rising interest rates, as the

Fed on Tuesday opens its final twoday policy meeting of 2018 at which it is

widely expected to raise the key rate for the fourth time this year, working

to get ahead of expected gains in inflation.

Trump has repeatedly broken with the norm respected by US presidents in

recent decades to refrain from criticizing the Fed, hammering the central

bank this year over its move away from the zero interest rate policy

implemented during the global financial crisis.

Trump has called the central bank crazy, out of control and a greater

economic threat than China, which the president blames for hollowing out

American industry through unfair trade.

But analysts and former Fed members say Trump's unprecedented vitriol

could cause the central bank to try to prove its independence by raising

rates even if policymakers might otherwise have held off.

On Monday, in a tweet sent one hour before stock markets were due to open,

Trump wrote: It is incredible that with a very strong dollar and virtually

no inflation, the outside world blowing up around us, Paris is burning and

China way down, the Fed is even considering yet another interest rate hike.

Source: Bangladesh Sangbad Sangstha (BSS)