Fed chairman in Trump’s sights as decision on interest rates nears

The president has called the US central bank’s chairman, Jerome Powell, ‘too aggressive’ on policy

As the US Federal Reserve prepares to meet this week, storm clouds are gathering. It is widely expected that, despite protests from President Donald Trump, the Fed will raise interest rates – the latest in a series of increases which are expected to continue through to 2020.

But while most Fed officials seemed confident last month about the future prospects for the American economy, a fresh poll of economists has shown more scepticism.

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from US news | The Guardian https://ift.tt/2Gtmckq