FOMC Minutes preview: Powell vs. Trump, the ultimate battle

Wall St. rises on trade optimism pares gains after Trump Fed commentsMore

In an exclusive interview with Reuters, Trump said late on Monday he was "not thrilled" with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the Fed should do more to help him to boost the economy.

Almost eight in 10 economists believe the Fed's interest rate policies are "about right", according to a survey released Monday by the National Association for Business Economics.

The statement released back then presented little changes to the previous one´s language, but was generally positive, as despite the Fed left rates unchanged as expected, policymakers upgraded their view on the United States economy, in line with two more rate hikes this year.

"I think China's manipulating their currency, absolutely".

Wilson also touches on BHP Billiton plc (LON:BLT), Housebuilder Persimmon PLC (LON:PSN) and Game Digital Plc (LON:GAME).

"Presidents have always made comments on how they think economic policy should be made, and I've not heard any effort by the president to try to interfere", said Senate Banking Committee Chairman Mike Crapo (R-Idaho). A Fed spokeswoman declined to comment on Monday afternoon. And so they're being accommodated and I'm not. For example, the current Federal Reserve policy is calling for relatively small increases in rates that have been spaced out over what is now almost a three-year period and these increases have been so modest that it can't really be said that they've had a major negative impact on economic growth.

Atlanta Fed President Raphael Bostic said on Monday he was maintaining his expectation for one more interest rate hike this year, as trade tensions and global events add some downside risk to an otherwise strong U.S. outlook.

Paul Manafort trial judge reveals he is under police protection
"I imagine they would, too", he said when explaining why he doesn't intend to make jurors' names public at the end of the trial. The jury sent a note on Thursday afternoon asking Ellis four questions including one about defining "reasonable doubt ".

The offshore Chinese yuan was a shade firmer at 6.831 per dollar after dipping slightly the previous day. "We do our work in a strictly nonpolitical way, based on detailed analysis, which we put on the record transparently".

Still, it might affect candidates for openings on the bank's seven-member board, said Guy LeBas, fixed income strategist at Janney Montgomery Scott in Philadelphia.

"I am not happy about it".

Powell took over as Fed chief earlier this year.

Trump has also publicly criticized Powell several times this summer and reportedly did so again Friday at a GOP fundraiser in NY, saying he thought the chairman would support "easy money".

"I should be given some help by the Fed", Trump told Reuters, adding that he'd continue to criticize the independent central bank if it move ahead with planned interest rate hikes.

"If you look at the transmission from economic growth to earnings growth to shareholder returns, it's strongest in the USA, it's ok in Europe and pretty weak in EM", said Goldman's Kilmurray, who has been underweight emerging markets for five years.

Related news:

Hot News

isis-killer-beheading-video-story-top Jakiw Palij: US deports former Nazi camp guard living in Queens, NYC
Aug 22, 2018 - 03:04
Chuck Schumer, D-N.Y., who was among those calling for Pajil's deportation told ABC News the U.S.is "no place for a war criminal". A man who authorities believe is the last known Nazi collaborator living in the USA has been arrested and deported to Germany.

isis-killer-beheading-video-story-top Here's Every Outfit Jennifer Lopez Wore at the 2018 MTV VMAs
Aug 21, 2018 - 23:40
The song of the year honour went to Post Malone's "Rockstar" (featuring 21 Savage), while Cardi B was named best new artist. Cardi B returned to public life for the first time since giving birth at the MTV Video Music Awards on Monday, August 20.

isis-killer-beheading-video-story-top Muslims congregate for Eid prayers as Zilhaj concludes
Aug 21, 2018 - 21:24
Contrary to this, Muslims are meant to conduct the sacrifice of the lamb/goat during Eid al Adha on an empty stomach. In the Islamic lunar calendar, the day is determined based on the sighting of the Crescent Moon and the New Moon.

isis-killer-beheading-video-story-top Stormy Daniels Reportedly Ditched 'Celebrity Big Brother' Over Dispute With Producers
Aug 20, 2018 - 17:20
She was said to be unhappy that producers had prepared a special White House set, in which she was to be the "President". The reality TV star appeared to blame Alley for the challenge and called for her to be removed from office.

isis-killer-beheading-video-story-top Giuliani Tries To Clean Up 'Truth Isn't Truth' Comment
Aug 20, 2018 - 16:57
He was referring to a conversation former FBI Director James Comey said he had with Trump in the White House in February 2017. Giuliani also appeared yesterday morning on Fox News' Sunday Morning Futures yesterday with Maria Bartiromo.

isis-killer-beheading-video-story-top Weinstein accuser Asia Argento 'pays $380k to settle assault case'
Aug 20, 2018 - 16:15
After giving him alcohol, Argento kissed him and performed oral sex on him before the two had sexual intercourse, the report said. The Times said it had obtained a selfie of Argento and Bennett lying in bed together, apparently taken in May 2013.

isis-killer-beheading-video-story-top 6,000 still stranded, over 1m in camps in flood-hit Kerala
Aug 20, 2018 - 15:34
Kerala's chief minister Pinarayi Vijayan has described the flooding as the worst the state has seen in the last 100 years. Meantime, orange alert has been declared in districts except for Thiruvananthapuram , Kollam and Kasargod.

isis-killer-beheading-video-story-top Eden Hazard: 'I will not be leaving Chelsea this month'
Aug 20, 2018 - 10:41
Chelsea midfielder Ruben Loftus-Cheek is set to hold showdown talks with club officials this week over his future. But, at the other moments, when we are not able to press in the other half, we are in trouble.

isis-killer-beheading-video-story-top Merkel says don't expect much from meeting with Putin
Aug 19, 2018 - 12:29
The New York Times reported that Putin asked Merkel for help in rebuilding Syria's infrastructure, so refugees could return home. Merkel has encountered political pressure at home for opening Germany's borders to hundreds of thousands of refugees in 2015.

isis-killer-beheading-video-story-top Nick Jonas and family arrive in Mumbai with very big Tiffany bag
Aug 19, 2018 - 09:46
Check out the picture! "She wants everything to be traditional to respect her family's values, and definitely an Indian wedding". That Nick landed in Mumbai last night with his parents has only added fuel to the fire.

isis-killer-beheading-video-story-top Jose Mourinho confirms that Anthony Martial has been fined
Aug 19, 2018 - 08:38
Hughton expects United to challenge for the title after finishing distant runners-up to cross-city rivals City last season. They maybe dissatisfied with Mourinho but I also think from their record signing they haven't seen the best of Pogba .

isis-killer-beheading-video-story-top Jamie Vardy Sent Off After Horrendous High Tackle On Matt Doherty
Aug 19, 2018 - 08:26
Despite not showing Kenedy a red, Pawson did send off his teammate, Isaac Hayden for a poor tackle in the second half. And so the two teams went in at the break still level both numerically and in terms of the scoreline.

isis-killer-beheading-video-story-top Ex-Blues Skipper Praises Immediate Impact of Sarri at Chelsea
Aug 19, 2018 - 07:36
Willian insists there is "no chance" he would still be at Chelsea if Antonio Conte had remained in charge. I think he's their main threat .

isis-killer-beheading-video-story-top Donald Trump wanted a Blacks vs. Whites season of 'The Apprentice'
Aug 18, 2018 - 15:58
Burnett, the Apprentice producer, and Trump are "best friends", Arnold claimed , and Burnett is protecting the president . Trump has also lashed out at Manigault Newman , calling her a "lowlife", "wacky and deranged" and a " dog ".

isis-killer-beheading-video-story-top How the world is remembering Aretha Franklin
Aug 18, 2018 - 15:56
She later called off the wedding, but the two continued their relationship. "She was generous to everybody, everybody". Says the band's guitarist, Daniel Feiler: "When we talk about that style of music, Aretha Franklin was the queen".