Q&A: What will happen if the Federal Reserve raises US interest rates?
by Phillip Inman from on (#2FW3C)
Janet Yellen, the Fed chair who has been criticised by Donald Trump, is set to raise rates for third time since financial crash
The US central bank is poised to raise interest rates for only the third time since the financial crash of 2008. With its headquarters just round the corner from the White House, the Federal Reserve and its chair, Janet Yellen, are in Donald Trump's sights.
On the campaign trail Trump said Yellen should be "ashamed" of the Fed's low interest rate policy, and accused the bank of creating a "false stock market". Trump has called for higher rates, but Yellen can not take a positive presidential reaction for granted.
Related: Trump is set to win the battle on interest rates, but US economy will pay the price
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