Trump can‘t have a strong US economy and low interest rates at the same time, says ex-Fed governor
2019-03-22 10:07:06 source：CNBC
March 21, 2019
U.S. President Donald Trump will likely welcome the Federal Reserve’s projection of zero interest rate hikes this year — but he should be wary that his hopes for a strong American economy may not materialize, according to a former Fed governor.
Trump has on several occasions last year hit out at the U.S. central bank for raising interest rates, claiming that such an action was harmful to the American economy. But if the economy were to be as strong as Trump wanted, the central bank would have to hike interest rates, said Robert Heller, a member of the Fed’s Board of Governors from 1986 until 1989.
“President Trump hasn’t been saying much recently about the Federal Reserve and he should be very happy with the current stance — but he also has a dilemma, a conundrum if you want to call it,” Heller told CNBC’s “Capital Connection” on Thursday.
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