The Fed stopped raising interest rates. Trump finally got what he wanted, but he was still unhappy.

Mar 21, 2019|

Now, even if the Fed stops raising interest rates, Trump may find different reasons to criticize the Fed. The Trump administration and the Federal Reserve have different views on the economic direction in the coming months.


In the 2020 budget proposal announced earlier this month, the White House expects GDP growth of 3.2% this year. The economic outlook of the Trump administration not only exceeds the Fed’s forecast, but also far exceeds the predictions of Wall Street economists.


The White House did not immediately respond to requests for comment on the Fed’s downward revision of US GDP expectations.


The Fed has not portrayed the United States as a terrible economic picture. The Federal Reserve issued a statement on Wednesday after a two-day meeting saying that the US labor market is “strong” but points out that “the growth of economic activity has slowed down”. Earlier in January this year, the Fed said that economic activity "has been growing steadily."


Powell told reporters on Wednesday that "the European economy has slowed sharply." He pointed out that the plight of the rest of the world may affect the United States.


He said, "Like strong global growth is a downwind, weak global growth may also be the headwind of the US economy."


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