The Fed, led by Chairman Powell, will very likely resist any effort by the White House to pressure it into halting rate hikes. However, it is hard not to sympathize with the argument that higher interest rates are causing the USD to become very strong, with the major possibility of becoming even stronger, which will make the US economy less competitive in global markets and unable to reduce its trade deficit.
Jackson Hole Speech
Red Alert : Global Economic Data – Jackson Hole Speech – Gold Silver Reports
Jackson Hole Speech: The Economic Policy Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around …