Trump adviser: Fed will hike interest rates in December

Trump adviser: Fed will hike interest rates in December
  • Clock-gray 08:24
  • calendar-gray 11 November 2016

Baku – APA-Economics. A senior economic adviser to President-elect Donald Trump stressed economic growth over discussion of Federal Reserve policies on Thursday, citing the need for small-business job growth through better regulation, energy policy and tax cuts, Newsmax reported.

 

"I think people should move on from the Fed and talk more about the other policies that will change rather quickly," adviser David Malpass said in an interview with CNBC.

 

"The Fed is independent," he said. "The issue, though, is their performance has not been good. We've had a really slow-growth economy. The question is will they look inside and see their part of that problem."

 

The Fed is one of many parts of government that have been slowing the U.S. growth rate, Malpass said.

 

"I don't think we should be talking about the Fed today," he said. "The Fed is doing what it's doing. It's data dependent, it's going to look for a rate hike in December based on whether we're going to grow faster. All the signs are that the U.S. can begin to accelerate and I think that's wonderful for the country."

 

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