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Fed Keeps Its Cool at Jackson Hole Despite Pressure From Trump

  • Powell urged to communicate policy to public as best defence
  • Trump vexed by rate hikes though Fed has been very gradual
Bloomberg business news
Fed's Bostic Says Slow and Steady Approach to Rates Makes Sense

Federal Reserve officials are trying hard to ignore President Donald Trump, and they’re going to keep doing that even if he continues to put pressure on the central bank to slow down or stop its gradual increases in interest rates.

At the Kansas City Fed’s annual symposium in Jackson Hole, Wyoming, several policy makers responded to questions about recent remarks by Trump with straightforward comments that their rate decisions won’t be affected.