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Trump advises Fed not to consider interest rate hike

Trump has repeatedly blasted the gradual increase in interest rates pursued by the Fed, led by Chairman Jerome Powell, as a threat to US economic growth.

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Donald Trump

Washington, Dec 18 : US President Donald Trump advised the Federal Reserve (Fed) not to raise interest rates at its meeting this week, given the strength of the dollar and an almost absence of inflation.

“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike,” EFE news quoted Trump as saying in a tweet.

“Take the Victory!” he added.

The US President was attacking the US central bank the day before its last meeting on monetary policy of the year, after which it is expected to raise interest rates a quarter of a percent from its current range of between 2 and 2.25 percent.

Trump has repeatedly blasted the gradual increase in interest rates pursued by the Fed, led by Chairman Jerome Powell, as a threat to US economic growth.

The President’s criticism of the central bank goes against the traditional respect for the independence of monetary policy from the White House.

For his part, Powell, who was appointed by Trump, has avoided answering the President and has held that the good economic times the country is enjoying, with an unemployment rate of 3.7 percent, the lowest in almost half a century, and inflation close to the annual goal of 2 percent, recommend a progressive hike in interest rates.

The Fed will issue a monetary policy statement following its two-day meeting this Wednesday, Dec 19, and soon afterwards Powell will comment on the decision to a press conference.

America

Michael Jackson cheated death on 9/11 attack

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Michael Jackson 9/11 attack

London, Feb 15: Late pop legend Michael Jackson escaped death during the terrorist attack in the US in 2001.

Jackson could have been one of the victims of the 9/11 attack in which almost 3,000 people were killed when terrorists crashed planes into the Twin Towers. The singer overslept that day and missed his appointment which was scheduled to take place in the Towers, reports mirror.co.uk.

“Thankfully, none of us had had a clue that Michael was due at a meeting that morning at the top of one of the Twin Towers,” the “Billie Jean” singer’s brother Jermaine Jackson wrote in his biography titled “You Are Not Alone: Michael: Through a Brother’s Eyes”.

It is also written in the biography that on the night of the attack, the King of Pop overslept after staying up late to talk to his mother Katherine.

“‘Mother, I’m okay, thanks to you,’ he told her. ‘You kept me up talking so late that I overslept and missed my appointment.'”

Despite surviving one of the world’s biggest terrorist attacks, Jackson died eight years later after suffering a cardiac arrest. He was 50.

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Michelle Obama makes surprise appearance at Grammy Awards

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MICHELLE OBAMA GRAMMY AWARD

Los Angeles, Feb 11: Former US First Lady Michelle Obama joined artistes Lady Gaga, Jada Pinkett Smith and Jennifer Lopez on the Grammy stage here to talk about the impact of music on her life.

After singer Alicia Keys, the host of the ceremony on February 10, welcomed the guests and spoke about the “shared global language” — music — she called Gaga, Smith, Lopez and Obama to join her on stage.

“From the Motown records I wore out on the South Side to the ‘who run the world’ songs that fuelled me through this last decade, music has always helped me tell my story,” Obama said to the audience that wildly cheered for her throughout her speech.

“Music helps us share ourselves. Our dignity and sorrows, our hopes and joys. It allows us to hear each other and to invite each other in. Music shows us that all of it matters.”

Prior to the strong speech, singer Camila Cabello’s opening performance made a political statement.

The “Havana” singer performed alongside Ricky Martin, Young Thug, J. Balvin, and Cuban-American jazz trumpeter Arturo Sandoval.

Balvin, a Colombian singer, held up a prop newspaper with the headline: “Build bridges, not walls”. He performed his famous “Mi Gente” song with Camila.

Here’s the complete list of GRAMMY winners:

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Trump expresses desire to meet Imran Khan: Pakistani Official

“There are no dates, as of now, for this meeting. A lot of preparation and homework is required before such high-level engagements are materialized,”

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Trump meet Imran Khan

Islamabad, Jan 25 (IANS) US President Donald Trump has expressed his desire to meet Pakistani Prime Minister Imran Khan, spokesperson of Pakistan’s foreign ministry said on Thursday.

Addressing the weekly briefing here, the spokesperson Mohammad Faisal said that during his recent visit to Pakistan, US Senator Lindsey Graham, discussed about Trump’s interest in meeting with Khan, however, date and venue have not been finalized yet.

“There are no dates, as of now, for this meeting. A lot of preparation and homework is required before such high-level engagements are materialized,” he said, Xinhua news agency reported.

He said that Senator Graham also met with the prime minster and foreign minister, which were useful in understanding each other’s perspective and reviewing the regional security situation. Matters of bilateral and regional interest, including Afghan situation were discussed.

Earlier in December, Trump wrote a letter to Khan, seeking Pakistan’s support and facilitation in negotiated settlement of the conflict in Afghanistan.

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