Trump set to explode if his man does his job
The Federal Reserve is expected to raise interest rates amid rising inflation, potentially putting the central bank at odds with President Donald Trump's economic preferences. Trump has publicly advocated for lower interest rates and threatened trade consequences if his demands are not met.
Why it matters
The tension between the White House and the Federal Reserve regarding monetary policy has significant implications for global financial markets and inflation control.
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Share A A A “Fed Week” has started with a bang, with the world’s benchmark interest rate breaking through a key threshold and oil prices surging solidly above $US100 ($140) a barrel again.
When the members of the Federal Reserve Board’s Open Market Committee, which begins its two-day meeting on Monday afternoon (Washington time), sit down to decide whether to lift their policy rate, they’ll also have to factor in the hotter-than-expected inflation data from late last week.
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