U.S. Commerce Secretary says Fed should rethink rate increase: Bloomberg TV

U.S. Commerce Secretary says Fed should rethink rate increase: Bloomberg TV

© Reuters. Participants including Commerce Secretary Wilbur Ross and NASA Administrator Jim Bridenstine at a press preview event in Washington

WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said in a television interview on Wednesday that the Federal Reserve should reconsider its last rate increase, which he said was premature.

“I think the Fed taking a more cautious attitude on rates and reconsidering, in effect, the last rate increase that they put in, I think that’s good. I think they should reconsider. I think it’s quite likely that that last increase was, at best, premature,” Ross told Bloomberg TV.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source : Reuters Link

Follow 3-www.NET

Category Latest Posts