Posted Date: 26/10/2018
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The Fed Vice Chairman said it is necessary to raise interest rates further and Trump publicly sang

The Fed Vice Chairman said it is necessary to raise interest rates further and Trump publicly sang

Fed Vice Chairman

Reference News Network reported on October 26 Foreign media said that US President Trump recently appointed Fed Vice Chairman Richard Clarida delivered a speech for the first time on October 25, conveying the message that interest rates should continue to rise. Just a few days ago, Trump once again raised interest rates to shell the Fed.

According to a Reuters report on October 26, "If the data is as expected, I think it is appropriate to make some further adjustments to the federal funds rate," Clarida pointed out in his first public speech after taking up his new position.

According to the report, the speech highlighted the gap between Trump's sharp words and the Fed's board of directors. The Federal Reserve Board is committed to pushing interest rates from record lows in times of crisis to long-term plans that are more suitable for sound economics.

The report also said that Clarida is only a member of the new group. The Senate confirmed the appointment of Clarida in August.

The report pointed out that his recent articles are consistent with the core view of the Fed, that is, it is time to "normalize" interest rates by letting interest rates move from loose to "neutral." Clarida is an economist at Pacific Investment Management and a well-known currency theorist.

Clarida said that the rate hike in September was only one step closer to the ultra-loose stimulus measures launched after the withdrawal of the global financial crisis.

He said that political pressure "will never be a factor in decision-making."

According to the report, if Trump's other Fed Council nominees are approved, this view will only increase.

These nominees include Nellie Liang, a financial stability expert who has served in the Fed and recently retired; Economist Goodrich, who has supported the interest rate hike to prevent inflation; and Kansas community banker Bowman, Bowman It is too likely to influence policy discussions because its position is designed to protect the interests of small financial institutions.

The Fed Vice Chairman said it is necessary to raise interest rates further and Trump publicly sang


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