Fed Officials Didn’t Discuss Trump’s Powell Attacks in December 2018 Meeting

The Federal Reserve was going through criticism from Donald Trump for its interest-rate will increase in 2018, however officers didn’t talk about the president’s verbal assaults as they moved ahead with their fourth charge hike of the yr in December, transcripts launched Friday present.

Some Fed officers at that December assembly expressed reservations about persevering with to boost charges as the worldwide financial temper appeared to be darkening whereas U.S. inflation remained muted. But the central financial institution proceeded with a quarter-percentage-point charge enhance, as most officers expressed issues about an overheating economic system and the potential for larger inflation.