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Last week, Trump criticized the Fed twice, saying it was restraining credit so swiftly that it threatened the country’s economic health. The president has called the Fed “crazy,” “loco,” “ridiculous,” and “too cute.”. Past U.S. presidents have been reticent to criticize because Fed independence is seen as important for economic stability. But Trump on Tuesday said he was “not happy with what” Powell is doing. “Let me use a nice term: he’s being extremely conservative,” he said on the Fox Business Network.

“My biggest threat is the Fed because the Fed is raising rates too fast,” Trump said, “I put a couple of other people there I’m not so happy with too, but for the most part I’m very happy with people.”, Trump added he is not trying to oust or blame Powell, whom he appointed to replace former Chair Janet Yellen, The president also appointed two of the three other policymakers on the Fed’s powerful Board of Governors, Randal Quarles and Richard Clarida, The Fed independently makes policy decisions but regularly reports to Congress, Recent data has been in pewter louisiana cufflinks line with its portrait of a strong economy that has a “remarkably positive” outlook, Powell said on Oct, 2..

Fed officials have generally not directly responded to Trump, though Chicago Fed President told a Flint, Michigan audience last week it was “unusual” for a president but “fair” to question how much to raise rates. Republican U.S. Representative Jeb Hensarling, who is set to retire as congressman and chairman of the House of Representatives Financial Services Committee that oversees the central bank, said Trump “clearly has his own style.”. But “I don’t think the fact that he has publicly criticized the Fed, in any way shape or form, is going to impinge upon (its) independence,” he told Reuters.

NEW YORK (Reuters) - Wall Street’s major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before, The S&P 500 .SPX zigzagged furiously between positive and negative pewter louisiana cufflinks territory after the 2 p.m, ET (1800 GMT) release of the Fed's September meeting minutes, In defiance of sharp criticism from U.S, President Donald Trump, policymakers showed agreement on the September hike and general anticipation that further gradual increases would be consistent with the economic expansion, labor market strength, and firm inflation that most forecast..

“In the past several years there’s been a strong dovish component. Now even the doves are starting to roll over,” said Brad McMillan, Chief Investment Officer for Commonwealth Financial Network, in Waltham, Mass. “The sense of the meeting was more hawkish than investors might have thought.”. (Graphic: Doves and Hawks - tmsnrt.rs/2dcNoCo). The S&P has only partially recovered ground lost last week, when it marked its biggest decline since March as investors worried about rate hikes.

The prospect of a more hawkish Fed was exacerbating equity investor fears of uncertainties, ranging from the U.S.-China trade war and weakness in the housing market to the outlook for earnings, said McMillan, “The market doesn’t really know what to think at this point, That’s why we’re seeing these swings,” he said, “With interest rates higher there’s a lot less cushion to smooth away those uncertainties.”, The pewter louisiana cufflinks Dow Jones Industrial Average .DJI fell 91.74 points, or 0.36 percent, to 25,706.68, the S&P 500 lost 0.71 points, or 0.03 percent, to 2,809.21 and the Nasdaq Composite .IXIC dropped 2.79 points, or 0.04 percent, to 7,642.70..

Even before the minutes, trading was already choppy, and the S&P 500 struggled to build on the previous day’s rally after disappointing housing data dragged down stocks such as Home Depot Inc (HD.N) and homebuilders. Of the S&P’s 11 major sectors, only four ended the day with gains. Financials .SPSY was the biggest gainer, closing 0.9 percent higher. Materials was the biggest loser .SPLRCM, with an 0.8 percent drop. Home Depot shares fell 4.3 percent while the PHLX Housing index .HGX lost 1.87 percent.

Among the brighter spots was Netflix (NFLX.O), which rose 5.3 percent, after reporting blowout subscriber addition numbers, United Airlines Inc (UAL.O) shares climbed 5.95 percent after a solid third-quarter profit and again raising its 2018 outlook, That also lifted other airline stocks, Declining issues outnumbered advancing ones on the NYSE by a 1.70-to-1 ratio; on Nasdaq, pewter louisiana cufflinks a 1.39-to-1 ratio favored decliners, The S&P 500 posted three new 52-week highs and 11 new lows; the Nasdaq Composite recorded 12 new highs and 76 new lows..



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