12 Hrs
Source:
LBCI Lebanon
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Trump criticizes Fed rate hikes, Kevin Warsh faces opposition
The article discusses the escalation by former U.S. President Donald Trump against the Federal Reserve, where he accused it of being "hostile" and pushing for interest rate hikes for political reasons to portray Trump's performance negatively. It explained that Federal Reserve Chair Jerome Powell faces a hostile Board of Governors, and that the interest rate increases aim to influence Trump's economic image. The rates were raised by a quarter point to a range between 3.75% and 4%, with a unanimous vote on the decision. Trump stated that this move is part of a political plan to disrupt his performance and weaken his popularity.
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