Fed Raises Interest Rates For 4th Time This Year

NBC News
Like
Like Love Haha Wow Sad Angry

The Federal Reserve on Wednesday hiked the nation’s benchmark borrowing rate by 0.25 percent for the fourth time this year, despite months of objections from President Donald Trump, who fears higher interest rates will take the steam out of the nation’s booming economy.


Sponsor

Trump Calls Emergency Meeting At The White House

Rumours say Trump called a secret emergency meeting at the White House after learning about this weirdo device.

>> WATCH THIS IMMEDIATELY <<


The move, announced at the conclusion of the central bank’s December monetary policy meeting, is the fourth rate hike this year and the fourth for Trump-appointed Fed Chairman Jerome “Jay” Powell.

As head of the Federal Reserve, Powell has found himself uncharacteristically singled out for criticism over the central bank’s handling of interest rates, with Trump saying he “maybe” regretted nominating Powell to the position.

read more at nbcnews.com

What Are Your Thoughts?

comments

Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!