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Donald Trump: Fed increases interest rates too fast

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The US President Donald Trump attacked the Federal Reserve for too fast raising the interest rates.

“I do not like what the Fed does”, said Donald Trump. “I think we should not act so fast, when it comes to raising interest rates”, added he.

At the end of September, the Federal Reserve raised interest rates for the third time this year. At the same time the US Central bank indicated its readiness to repeat its decision again in December. The increase was a quarter percentage point to the range of 2.0-2.5%, which is the highest interest rate for 10 years.

At the same time, investors’ concerns about accelerating inflation and higher central bank interest rates have resulted in bond sales in the past week.

In his speech, the US president has also criticized the oil price, which remains too high, although the American variety West Texas Intermediate fell after it reached a four-year high last week.

“I want more energy because I do not like 74 USD per barrel”, said Donald Trump.

Later, on board of Air Force One, on the way to Iowa, the US president said he would accelerate the granting of approvals for the pipeline in Texas, where a slowdown in production led some analysts to shrink their expectations of oil production growth from the Pearland basin.

On Tuesday, Donald Trump also commented the ongoing trade dispute between the US and China, reiterating that the authorities in Beijing are not ready to enter into a trade agreement with Washington.