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Putting the Brake on Economic Growth
U.S. Secretary of State Mike Pompeo and President Donald Trump listen during a cabinet meeting at the White House in Washington, U.S., July 18, 2018.
There are new developments in the high interest rate policy of the United States. President Donald Trump has publicly expressed his displeasure against the policy of the Federal Reserve (the Fed) to continue to increase the interest rate.
Trump said that the rapid increase in interest rates could disrupt the US economic growth. However, he acknowledged that he could not intervene in the US central bank because it has the independence to do so.