Tuesday, June 18, 2019 | ePaper

Under pressure, Fed faces an outlook clouded by trade wars, signs of weakness

  • Print
Reuters, Washington  :
US President Donald Trump's attacks on the Federal Reserve have broken one set of precedents, his talk of stacking the central bank with political allies has strained another, and his on-again off-again tariff threats have made the economic outlook harder than ever to predict.
While the Fed may well find reason to cut interest rates in recent weak job and inflation readings, doing so could also put a safety net under Trump policies that, to the eyes of many policymakers, have to date done more harm than good.
"There is a kind of feed the beast aspect to it," said former Fed vice chair Alan Blinder. "Among the many things the Fed has to take as given is trade policy. And if in fact trade policy is going to push the economy into a slump, that is a reason to cut interest rates ... If the Fed comes in to bail him out you encourage bad behavior."
Fed Chair Jerome Powell and other officials insist they can only consider what is happening in the economy and the appropriate policy response, and not try to second guess what the administration does or might do.
Trump on Monday renewed his attacks on the Fed, claiming that central bank policy put him at a disadvantage in his trade negotiations with China because that country.

More News For this Category

Businesses clamor for Trump's ear as $300b in new China tariffs loom

AFP, Washington :Washington is planning another tidal wave of tariffs on Chinese imports that represent a worst-case scenario for markets and major industries on both sides of the Pacific.And

Hong Kong rallies after extradition law U-turn as Asian markets bounce

AFP, Hong Kong :Hong Kong stocks rallied Monday, leading many Asian markets higher after last week's losses, with investors cheering a decision by the city to suspend plans to

Electricity tariffs cuts save companies 125.79b yuan

Xinhua, Beijing :China cut electricity tariffs for industrial and commercial businesses by 10.1 percent last year in order to alleviate financial burdens on companies and inject vitality to the

Updated inflation forecast of Central Bank for 2019 appears overstated -Economy Minister

TASS, Moscow :The new inflation outlook of the Central Bank for 2019 appears overstated, Russian Minister of Economic Development Maxim Oreshkin told reporters."As we have already said, we [the

Engr Md Atiqur Rahman, Chairman of the Board of Directors of Jamuna Bank Ltd, presiding over the Bank's 18th Annual General Meeting at the Police Convention Center in the city on Sunday. Jamuna Bank Foundation Chairman Al-Haj Nur Mohammed, Managing Director Shafiqul Alam and Company Secretary M A Rouf, among others, were present.

Engr Md Atiqur Rahman, Chairman of the Board of Directors of Jamuna Bank Ltd, presiding over the Bank's 18th Annual General Meeting at the Police Convention Center in the city on Sunday. Jamuna Bank Foundation Chairman Al-Haj Nur Mohammed, Managing Director Shafiqul Alam and Company Secretary M A Rouf, among others, were present.

.

Md Arfan Ali, President and Managing Director of Bank Asia Ltd, inaugurates the 51st Foundation Training Course (FTC) for different ranks officers of the Bank at its Institute for Training and Development at Lalmatia in the city on Sunday. Md Zia Arfin, Head of International Division, Krishna Saha, Lalmatia Branch Manager  and Sujit Kumer Sen, AVP, among others, were present on the occasion.

Md Arfan Ali, President and Managing Director of Bank Asia Ltd, inaugurates the 51st Foundation Training Course (FTC) for different ranks officers of the Bank at its Institute for Training and Development at Lalmatia in the city on Sunday. Md Zia Arfin, Head of International Division, Krishna Saha, Lalmatia Branch Manager and Sujit Kumer Sen, AVP, among others, were present on the occasion.

.

Farmers-friendly innovative idea can infuse dynamism into banking services

BSS, Rajshahi :Speakers at a discussion unanimously opined that innovative ideas and best uses of those can be the vital means of delivering farmers-friendly banking services to the grassroots

Switzerland keen to assist BD on taxation system

Economic Reporter :Switzerland has expressed interest to work closely with Bangladesh for modernisation of its taxation system and expansion of bilateral trade for the mutual benefits of the two

Md. Tariqul Azam, Additional Managing Director of Standard Bank Limited poses with the participants of a three-day long training on

Md. Tariqul Azam, Additional Managing Director of Standard Bank Limited poses with the participants of a three-day long training on "SME, Agriculture & Retail Credit" for Credit Officers of the Bank at its Training Institute. Among others Md. Amzad Hossain Fakir, Faculty of the Institute was present.

.

BJA demands allocation of Tk 2500 cr

Economic Reporter :Bangladesh Jute Association (BJA) on Sunday demanded Tk 2500 crore allocation in the raw jute sector to promote exporting raw jute.  The BJA, the apex organization of