Trump locking horns with Federal Reserve is just empty bluster

Editor's note: US President Donald Trump has openly expressed his discontent five times with the Federal Reserve's decision to raise the interest rates in December. But the Federal Reserve will not bow to Trump's pressure, which largely stems from his need to beautify the economic data before the midterm elections next month. Zhang Jingwei, a researcher with The Charhar Institute, in his column published by the Beijing Youth Daily commented:

The Federal Reserve predicts that the inflation rate will stay around 2 percent after the adjustment, fighting back against the Trump administration's exaggeration of the inflation risks.

The dramatic fall of the US stock market last week, despite being only temporary, must have reaffirmed the Trump administration's concern that the pending interest rate raise in December, the fourth this year, will affect the ostensible prosperity of the economy that it has long boasted as being its achievements.