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The Fed now has to raise rates to prove it’s independent from Trump, investment manager says

PS: MADMAN "TỨ BỀ THỌ ĐỊCH" NHÉ !HEHE...

  • In an interview with CNBC at the White House on Thursday, Trump lamented Fed Chairman Jerome Powell’s plan to raise interest rates in response to strong economic growth.
  • Trump’s implication that he favors holding rates down in the face of economic growth defies the convention that monetary tightening is necessary to temper inflation.
  • The dollar fell and Treasury yields dipped lower on Trump’s comments Thursday, with the greenback losing about a half percentage point from its one-year high of 95.65.

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