9 months Fed to hold its fire despite rate-cut call Manilatimes |Biz
WASHINGTON, D.C.: The Federal Reserve (Fed) is poised to hold its fire this week, leaving benchmark US interest rates untouched as central bankers await firm indications of where the world’s largest economy is headed. But as policymakers gather for their third meeting of the year on Tuesday (Wednesday in Manila), US President Donald Trump is still hammering the Fed, demanding they lower interest rates. He also made plans to fill Fed vacancies with political loyalists to help get his way. Top White House economic adviser Larry Kudlow said on Friday (Saturday in Manila) that the surprisingly strong growth in the ... more