Trump probably won’t be happy with Wednesday’s Fed announcement
The Federal Reserve is expected to leave borrowing costs unchanged Wednesday at the end of a two-day policy meeting. Trump has increased pressure on the independent central bank in recent months as his trade wars threaten to hurt the economy ahead of the 2020 elections. Economists say other growth data remains solid, however, particularly with significant upward revisions to the April retail sales report.
The Federal Reserve is expected to leave borrowing costs unchanged Wednesday at the end of a two-day policy meeting. Trump has increased pressure on the independent central bank in recent months as his trade wars threaten to hurt the economy ahead of the 2020 elections. Economists say other growth data remains solid, however, particularly with significant upward revisions to the April retail sales report.
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