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Trump meets the Fed again with rising interest rates; says US firms offer buying opportunity



President Donald Trump reiterated on Tuesday that the US Federal Reserve had raised interest rates too fast, but added that US companies are "the largest in the world" and an "enormous" buying opportunity for investors.

raising interest rates too fast because they think the economy is so good. But I think they'll make it soon, "Trump told reporters at the Oval Office to the US central banks.

" I have great faith in our companies, we have companies, the biggest in the world, and they're doing it really good, they have record numbers, and I think it's a great opportunity to buy, "Trump said after videoconference with overseas US troops.

US. Stocks have fallen sharply in recent weeks amid concerns about weaker economic growth. Trump blamed the Fed for the economic headwinds. He openly criticized his chairman Jerome Powell, whom he had appointed.

According to media reports, Trump had gone so far as to talk about firing Powell, and he said in August Reuters was "not enthusiastic" with the chairman.

On Monday, Trump said, "The only problem our economy has is the Fed."

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All three major US stock indices ended more than 2 percent the day before the Christmas break. The S & P 500 has lost about 1

9.8 percent from its closing high of 20 September, just below the 20 percent threshold that usually defines a bear market.

The Fed raised interest rates again last week, as had been widely expected. [19659002] Finance Minister Steven Mnuchin made a call Monday to the Presidential Working Group on Financial Markets, a colloquially referred to as the "Plunge Protection Team," which usually meets only in periods of severe market volatility.

But the call did rattle more markets than assure them. Regulators said they did not see anything out of the ordinary during the recent sell-off on the financial markets, according to two sources familiar with the matter. President Donald Trump reaffirmed on Tuesday that the US Federal Reserve is also raising interest rates, but she quickly added that US companies were "the biggest in the world" and a "huge" buying opportunity for investors.

"They're raising interest rates too fast because they think the economy is so good, but I think they'll be fine soon," Trump told the central banks told reporters in the Oval Office.

"I have great faith in our companies. We have companies, the largest in the world, and they are doing really well. They have record types of numbers. I think it's a great opportunity to buy, "Trump said after videoconference with overseas US troops.

US Stocks have become weaker in recent weeks due to concerns Trump has blamed the Fed for the economic headwinds, openly criticizing its chairman Jerome Powell, whom he had appointed.

According to media reports, Trump had gone so far as to talk about shooting Powell and he said in August Reuters was "not enthusiastic" with the chairman.

On Monday, Trump said: "The only problem our economy has is the Fed."

All three major US stock indices were The S & P 500 has lost about 19.8 percent since its closing high on September 20, just below the 20-year mark Percent threshold, which usually defines a bear market.

The Fed raised interest rates again last week, as had been widely expected. [19659002] Finance Minister Steven Mnuchin made a call Monday to the Presidential Working Group on Financial Markets, a colloquially referred to as the "Plunge Protection Team," which usually meets only in periods of severe market volatility.

But the call did rattle more markets than assure them. The regulators said they did not see anything out of the ordinary during the recent sell-off on the financial markets, according to two sources familiar with the matter.


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