The President and The Fed
In recent weeks, President Trump has lashed out at the Federal Reserve for raising rates too quickly and bringing volatility to equity and bond markets. While some feel the President is out-of-bounds for attacking the quasi-independent central bank, there is a long history of presidents and fed chairs sparring over the correct policy path. While politicians often feel the push for a strong stock market and hot economy, economists at the Fed take a longer view, typically eschewing short-term thinking. It is for this reason that the Fed has continued to raise rates in search of maintaining its dual mandate of maximum employment and stable prices, while allowing some discomfort in the markets.
Check out our latest Market Snapshot as we discuss the ongoing disagreement between the President and the Fed.
The Federal Reserve has raised interest rates eight times since 2015
Economic Insights Newsletter
Subscribe to get weekly economic updates and analysis, including our monthly release of the Economic Snapshot and the Market Snapshot.