Trump says 'hard to believe' US Fed would raise rates
U.S. President Donald Trump on June 17 said he found it "hard to believe" that the Federal Reserve would raise interest rates after the central bank projected one rate hike by year-end to tame inflation.
"It's hard to believe. It just keeps the country down and it's so unusual," Trump told reporters at Orly airport outside Paris.
"But we have a very good guy over there right now so I'm guided by what he wants," he added, referring to new chair Kevin Warsh, whom he nominated.
The Fed kept its key rate unchanged at 3.50 to 3.75 percent for the fourth consecutive meeting on June 18 yet almost half the central bank’s policymakers said they could support a rate hike later this year.
