President Trump approves of Fed rate hike, both sides face the risk of another rate hike after a ceasefire

US President Trump claimed to have spoken with Federal Reserve Chairman Kevin Walsh before the Fed raised interest rates and expressed approval. Federal Reserve Chairman Kevin Walsh temporarily eased the tension between the White House and the Fed. If the Fed raises interest rates again in October, Federal Reserve Chairman Kevin Walsh will face strict scrutiny from President Trump and his advisors. (Source: Jin Shi)