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Do not & # 39;: Trump's central bank criticism could not go back, warns the vice president

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When President Donald Trump criticizes the interest rate for the United States Federal Reserve this year, the former president of the central bank has said: "Do not do it."

Trump's note could assume that, boosting interest rate rises more than declining, Stanley Fischer said This time guest host Piya Chattopadhyay

"When you criticize the faith, you proclaim independence," Fischer said. "And when you proclaim independence, it must show its independence."

Trump, people chosen by President of the Fed by Jeremy Powell, once again this year has been in favor of Powell and the central bank, "my greatest threat".

US President Donald Trump is not happy with the central bank. Shorts the stock market. (Jacquelyn Martin / Associated Press)

The Lehendakari argues that the interest rate has risen to reduce the stock market, and some investors are equally disturbed.

Fischer said that if Trump continues to attack, the head of the central bank should find a way out by the president's "shake".

"We know very well that if there is no control of inflation, the Fed will be guilty," said Fischer. "And that is the thing to consider."

To find out more about the Federal Reserve in the US economy and central banks, Chattopadhyay spoke:

  • Stanley Fischer, Former President of the Federal Reserve 2014-2017, and Former Governor of the Israeli Bank.
  • Livio Di Matteo, economy economist at Lakehead University.

Click & # 39; Listen & # 39; at the top of the page to listen to the whole story.

Written by Kirsten Fenn. With CBC News files. Richard Raycraft and Sarah-Joyce Battersby.

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