White House Trade Advisor Navarro: Fed costing US a full point of GDP growth


White House trade advisor Peter Navarro reportedly said during an interview that the Federal Reserve is costing the US a full point of gross domestic product (GDP) growth. 

The Fed cut rates by 25 basis points on Wednesday and kept the doors open for more easing in the near-term. 

President Trump, however, was rooting for a 50 basis point rate. Trump wants the Fed to embark on a full-blown easing cycle and has repeatedly criticized the Fed for keeping the interest rates high. 

Products You May Like

Articles You May Like

Gold technical analysis: Under pressure in Asia, $1,477 is key support
Here are the biggest analyst calls of the day: Bank of America, Apple, Electronic Arts & more
EUR/USD extends weekly gains above 1.1150 as US Dollar weakens
What’s the Deal With Margin and Free Margin in Forex?
WeWork’s Valuation Plummets To $8 Billion As SoftBank Completes Takeover

Leave a Reply

Your email address will not be published. Required fields are marked *