After Trump, US Commerce Secretary Wilbur Ross also “pressured” the Fed. When he accepted the “Bloomberg” interview, he said that the last time the US Federal Reserve raised interest rates “at best it can only be said that the timing is not mature” and urged the bureau to reconsider whether it is necessary to raise interest rates because it is based on inflation errors. hypothesis of.
Ross bluntly said that most economists, especially the Fed’s mistakes, thought that inflation would inevitably become a problem as the unemployment rate fell. He continued, because of this erroneous assumption, the Fed’s rate hike is more radical than actual.
