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Trump says US growth could reach 20%, argues against Fed hikes
CNBC reports the comments come while inflation is still above the Fed’s 2% target.
CNBC Markets reports that Donald Trump argued the US economy could grow as much as 20% and that rapid growth should not automatically lead the Federal Reserve to raise interest rates.
The outlet says Trump made the case even as inflation remains above the central bank’s 2% target, tying his view to the Fed’s rate setting.
CNBC World carried the same account of Trump’s argument, framing it around whether strong growth should constrain how policymakers respond to still elevated inflation.
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