Trump fight with Fed blows over
By Sylvan Lane
President Trump’s months-long feud with the Federal Reserve is cooling off as central bank officials indicate a pause in interest rate hikes. Various Fed officials this week have said they’re reluctant to move forward with raising borrowing costs while inflation remains low and the economy continues to add jobs. …“The Fed is not doing what it’s doing because of pressure from the president. They’re doing what they’re doing because the data is changing,” said Karen Petrou, managing partner at Federal Financial Analytics.