MarketPR
President Donald Trump told reporters that interest rates are too high and not appropriate, a stance that directly contradicts the bond market's current valuation of risk.
The president's criticism follows the Federal Reserve's decision to raise the federal funds target rate by 25 basis points to 3.75%-4.00% on September 16, the first hike of the fourth rate-hiking cycle of the 21st century.
Fed Chair Kevin Warsh, Trump's handpicked successor to Jerome Powell, led the voting Federal Open Market Committee members in the decision.
Warsh has repeatedly stated that inflation is too high and that the central bank will deliver price stability.
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