Dan Ivascyn, chief investment officer at bond giant Pimco, told the FT separately on Wednesday that the central bank is poised to keep rates unchanged "for the foreseeable future" as Wall Street waits for more economic data and clarity on Trump's policies.
Trump's remarks come five days before the Fed's first policy meeting to be held during his administration - on Jan. 28 and 29 - with very broad expectations officials will leave rates unchanged.
President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials
US Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central
U.S. President Donald Trump delivered remarks Thursday in a video appearance at the World Economic Forum’s annual gathering in Davos, Switzerland.
President Donald Trump on Thursday said he would press the Federal Reserve to lower interest rates “immediately,” rekindling a fight over the historically independent U.S. central bank.
President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.
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BlackRock Inc. Chief Executive Larry Fink raised the possibility on Friday that the Federal Reserve might need to hike interest rates, though not right away, while speaking in Davos at the World Economic Forum.
"I think I know interest rates much better than they do, and I think I know it certainly much better than the one who's primarily in charge of making that decision," Trump says
DAVOS, SWITZERLAND — The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.