金十数据APP
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Forget Trump, former Fed officials: Holding steady is the right decision
On Thursday morning Beijing time, the Federal Reserve will conclude its first meeting during Trump's second presidential term, and Trump has hinted that he hopes to lower interest rates.
If almost all signs so far are accurate, this newly elected U.S. president is unlikely to get what he wants, at least not right now. Policymakers are weighing multiple variables that could complicate policy-making this year, leaving the Fed in a holding pattern.
"They may take a backseat," said Beth Ann Bovino, chief economist at Bank of America. "No one knows what to expect from the White House. Policy measures remain very unclear, but we do know that some proposals already discussed by the White House could stimulate inflation, and I think this will constrain the Fed."
If almost all signs so far are accurate, this newly elected U.S. president is unlikely to get what he wants, at least not right now. Policymakers are weighing multiple variables that could complicate policy-making this year, leaving the Fed in a holding pattern.
"They may take a backseat," said Beth Ann Bovino, chief economist at Bank of America. "No one knows what to expect from the White House. Policy measures remain very unclear, but we do know that some proposals already discussed by the White House could stimulate inflation, and I think this will constrain the Fed."
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