Tweeter-in-Chief Trump Faces Test After Yellen’s Rate Decision
- President-elect using Twitter to laud allies, berate enemies
- Policy free of politics helps the U.S. economy, Fed has argued
What Happens After Markets Get Expected Fed Hike?
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If you’re looking for drama surrounding this week’s meeting of Federal Reserve officials, don’t look for it in their post-meeting statement. Policy makers are almost universally expected to raise their benchmark lending rate. Keep an eye, instead, on President-elect Donald Trump’s Twitter feed.
He was a harsh critic of Fed Chair Janet Yellen during the election campaign, and how the nation’s incoming chief executive reacts to the expected hike on Wednesday may reveal much about whether and to what extent Trump will try to pressure the central bank through the remainder of her current term, which expires in February 2018.