Trump not happy about Federal Reserve raising interest rates
NEW YORK (Reuters) - President Donald Trump on Wednesday said he was not happy about the Federal Reserve's decision earlier in the day to raise its benchmark interest rate, but added the increase was a result of a strong economy. 'We're doing great as a country
NEW YORK (Reuters) - President Donald Trump on Wednesday said he was not happy about the Federal Reserve's decision earlier in the day to raise its benchmark interest rate, but added the increase was a result of a strong economy.
"We're doing great as a country. Unfortunately they just raised interest rates because we are doing so well. I'm not happy about that," Trump told a press conference.
"I'd rather pay down debt or do other things, create more jobs. So I'm worried about the fact that they seem to like raising interest rates."
The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth.
(Reporting by Steve Holland; Writing by Lisa Lambert)
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By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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