Trump is Unhappy with Fed’s Rate Hike
On Thursday, U.S. President Donald Trump expressed his disappointment with the Fed's policy rate hikes and hinted at his worries about the impact on U.S. trade/economic growth.
The Fed has raised rates twice so far in 2018 and is expected to make two more hikes by the end of the year. On Thursday, Trump told in a CNBC interview that he’s “not thrilled” about the timing of the rate increases. The U.S. President is worried that higher interest rates might heat up the U.S. dollar and therefore put the U.S. at a “disadvantage” - amidst low interest rates maintained by central banks in the Europe and Japan, coupled with China’s plunging currency.
Following the interview’s airing, the White House released a statement asserting that “the President respects the independence of the Fed” and that his “well-known” opinions on interest rates are not intended to interfere with the Fed’s decisions.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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