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.

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

US Department of Agriculture grants subsidies to affected farmers

The focus of the China-US trade war is that China has reduced…

Involved in “release” sexual crimes, the richest dispute, the resignation of the US Labor Secretary

US President Trump announced on July 12 that Labor Secretary Acosta resigned. When…

Starting the presidential dream with the Secretary of State as the springboard

US Secretary of State Mike Pompeo stated on July 29 that she…