On Wednesday, The Wall Street Journal published an opinion piece in which Mr. Moore called the Fed the “last major obstacle” to a sustained economic boom. “The deflation began with quarter-point interest-rate increases in September and December,” Mr. Moore and a co-author wrote. Asked if he had influenced Fed policy with his criticism, Mr. Trump said: “I don’t know. “But we would have been over 4 if they didn’t do all of the interest rate hikes. On Wednesday, it signaled that it foresaw no interest rate increases in 2019, a departure from December, when it forecast two rate increases this year.

Source: New York Times March 22, 2019 17:05 UTC