FILE PHOTO: Commerce Secretary Wilbur Ross attends a press preview event of the upcoming Paris Air Show at the National Press Club in Washington, U.S. June 6, 2019. REUTERS/Leah Millis
WASHINGTON - U.S. Commerce Secretary Wilbur Ross said in a television interview on Wednesday the Federal Reserve should reconsider its last rate increase, which he said was premature. “I think the Fed taking a more cautious attitude on rates and reconsidering, in effect, the last rate increase that they put in, I think that’s good. I think they should reconsider. I think it’s quite likely that that last increase was, at best, premature,” Ross told Bloomberg TV.
After two days of policy-setting meetings this week, Fed officials will soon issue updated rate projections. The Fed has come under pressure in recent months amid President Donald Trump’s trade wars and other signs of economic weakness. Additionally, Trump has repeatedly attacked the central bank, whose political independence is seen as key to the country’s economic stability.
no crap all 4 of the rate hikes they slapped on him when he first got in were “premature” because they wanted to sabotage the Presidents performance. However that failed epically.
President Putin assisted Mr Trump with all his cabinet picks, right. These folks were not compiled off Craig’s List. They’d been better.
Let me guess: Trump is winning (losing and bankruptcy) again.. mega...😂
In other news scrotum with spectacles makes comments about economy
Clown Trump puppet
LOCKHIMUP
I always take old fart opinions to heart.
This from a man whose face is the epitome, infact a caricature, of 'mature'.
Wilbur: 'They failed to take into account that realDonaldTrump is a total dipshit capable of sending the economy into a tailspin.'
The U.S. Commerce Secretary is saying our economy is so weak that it cannot sustain anything other than crisis level interest rates?
Because the crypt keeper is totally above board here, like the President correct?