The U.S. Federal Reserve is planning to raise rates next month,... despite President Trump's continued calls to hold the rates steady. <br />They also expressed concerns over trade following Trump's import tariffs. <br />Kim Hyo-sun tells us more. <br /> The U.S. central bank has signaled a possible interest rate hike in September. <br />According to the minutes of the Federal Open Market Committee made public on Wednesday,... Fed officials discussed raising interest rates soon once future data supports the current economic outlook.<br /> While the Fed held rates steady during their previous policy meeting held through July 31st to August 1st,... its officials stressed that the U.S. economy is growing at a fast enough rate to put upward pressure on inflation. <br />Saying they would soon remove accommodative monetary policies soon,... Fed officials explained that the nation's inflation has recently come close to the central bank's target of two percent. <br />This shows the Fed will continue to keep its stance despite recent criticism by President Trump. <br />He has said repeatedly during interviews that he's (quote) "not thrilled" with the Fed's stance. <br /> Meanwhile,... the Fed also pointed out the risks the U.S. economy faces from simmering trade tensions,... resulting from the Trump administration's tariff policies. <br />Kim Hyo-sun, Arirang News. <br />
