Why the Federal Reserve is unbowed by Donald Trump
by Larry Elliott Economics editor from Economics | The Guardian on (#45BM9)
The US central bank went ahead with the interest rate rise, seemingly relaxed about the economy
For the past couple of months Donald Trump has been waging war against the US central bank. The Federal Reserve thinks strong growth and the lowest unemployment since the days when the US was putting men on the moon warrants a gradual increase in interest rates. Trump has been telling the Fed to stop before it craters the economy.
In the end, the Fed on Wednesday did what it was always going to do: it went ahead with the planned rate rise.
Related: Stock market volatile after Federal Reserve raises interest rates - business live
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