Trump says GDP would have topped 4% if Fed had halted rate hikes sooner – CNBC

Jabin Botsford | The Washington Post | Getty Images President Donald J. Trump speaks during a meeting with Irish Prime Minister Leo Varadkar in the Oval Office at the White House on Thursday, March 14, 2019 in Washington, DC. U.S. economic growth would be much stronger had the Federal Reserve stopped raising rates sooner, President…

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End of the Trump bump? ISM manufacturing joins host of indicators that are at lowest level since election – MarketWatch

The Institute for Supply Management reported Friday its manufacturing purchasing managers index in February fell to the lowest level since November 2016. It’s funny how often that date is cropping up. The ISM index now joins other economic series falling to the lowest level since President Donald Trump surprised almost everybody with a victory, leading…

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Yellen says Trump doesn’t have a grasp on macroeconomic policy – POLITICO

Former Federal Reserve Chair Janet Yellen Yellen said that though she finds the country’s economy to be largely healthy, she is concerned the president has little understanding of basic macroeconomics or even what the Federal Reserve is mandated by Congress to do. | Alex Wong/Getty Images Former Federal Reserve Chair Janet Yellen is accusing President…

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Trump’s Policies, Not His Insults, Contributed to the Fed’s Shift – The New York Times

Mr. Powell, by contrast, said on Wednesday that the economic outlook was deteriorating for reasons unrelated to the Fed’s policies. He pointed to storm clouds including economic weakness in China and Europe and tightening financial conditions, as well as the impact of Mr. Trump’s policies. He made the nuanced point that the Fed still regards…

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T-Mobile announced a merger needing Trump administration approval. The next day, 9 executives had reservations at Trump’s hotel. – The Washington Post

Jonathan O’Connell Reporter covering economic development with a focus on commercial real estate and the Trump Organization January 16 at 7:00 AM Last April, telecom giant T-Mobile announced a megadeal: a $26 billion merger with rival Sprint, which would more than double T-Mobile’s value and give it a huge new chunk of the cellphone market.…

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Trump ‘hasn’t been fair’ to OPEC, Oman’s oil minister says – CNBC

Oman’s oil minister thinks President Donald Trump has given OPEC some undue flak. But echoing other Gulf ministers, Mohammed bin Hamad al-Rumhi stressed his desire to steer clear of political animosity with the American leader, appearing keen to give him the benefit of the doubt. “Sometimes he hasn’t been fair,” al-Rumhi told CNBC’s Hadley Gamble…

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Trump says there was a stock market ‘glitch’ in December, but it will rise when trade deals fixed – CNBC

The S&P 500 dropped more than 9 percent for its worst December performance since 1931. According to S&P Dow Jones Indices’ Howard Silverblatt, U.S. stocks lost about $2.9 trillion in value last month. Those losses also pushed the broad stock index to its worst annual performance since 2008 — when it plunged more than 38…

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Trump Blames Federal Reserve As ‘Only Problem’ In U.S. Economy – HuffPost

WASHINGTON (Reuters) – President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials discussed a rout in stock markets caused in part by the president’s feud with the central bank. Stocks fell again at the open on Monday amid concern about slowing economic…

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