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21 Oct 2018 7:03
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  •   Home > News > Business

    Donald Trump has escalated his attack on the US Federal Reserve's interest rate increases

    Donald Trump has escalated his attack on the US Federal Reserve's interest rate increases, asserting the Fed is out of control and blaming it for this week's plunge in stock prices

    He says it's a correction and he thinks it's caused by the Federal Reserve with interest rates

    It 's the latest in a series of recent barrages the president has unleashed at the US Fed, which under his hand-picked chairman, Jerome Powell, has been gradually lifting rates as the economy has strengthened.

    © 2018 Newstalk ZB, NZCity

     Other Business News
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     18 Oct: New Zealand's international competitiveness has slipped
     18 Oct: A Property Management spokesman says there's a lack of a clear government plan to regulate property management
     18 Oct: A new company aimed at getting Maori products to Chinese consumers is getting ready to kick off
     17 Oct: An Auckland car dealership and its owner have been fined a combined 12-thousand dollars for breaching the Fair Trading Act
     Top Stories

    Getting to tonight's rugby league game could be tricky for fans coming from west Auckland More...

    Genesis Energy is buying wholesale coal and gas to supplement fuel supplies More...

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