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15 Dec 2018 17:55
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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
     15 Dec: Donald Trump picks Mick Mulvaney as acting White House chief of staff
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     14 Dec: If a Reserve Bank proposal becomes a reality - borrowing costs are set to rise
     14 Dec: The rich are getting richer, but the poor aren't any better off than in 2015
     14 Dec: Aquaculture is the big winner in the latest Provincial Growth Fund spend
     14 Dec: Auckland Police are investigating reports of threats made at a commercial property in Glenfield
     14 Dec: Northland and Tasman house prices are rising quickly, but Auckland house prices are in decline
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    Donald Trump picks Mick Mulvaney as acting White House chief of staff More...



     Today's News

    Rugby League:
    Cameron McGregor's relieved himself from his role as chairman of the Warriors ahead of the new year 17:47

    International:
    British PM Theresa May confronts Jean-Claude Juncker over 'nebulous' comments 17:47

    Soccer:
    A rare chance for back to back wins for the Wellington Phoenix in the A-League tonight 16:57

    Environment:
    UPDATES FIGURE FROM 27,000 to 33,000 16:57

    Christchurch:
    The Rakaia Bridge in Canterbury has reopened following a two-vehicle crash late this morning 16:37

    Rugby League:
    A back injury has ended former South Sydney Rabbitohs junior Jordan Mailata's hopes of playing in the NFL for the Philadelphia Eagles this season 16:17

    Entertainment:
    Hailee Steinfeld and Niall Horan have reportedly split 16:14

    International:
    Detained Canadians Michael Kovrig and Michael Spavor face 'nightmare' interrogation in China 15:47

    Entertainment:
    Tommy Lee has seemingly patched up his relationship with his son Brandon Lee, following their public row earlier this year 15:44

    Law and Order:
    The Vodafone Warriors and Auckland Transport joined forces with police last night to help stop drunken drivers 15:27


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