Dan Ivascyn, chief investment officer at bond giant Pimco, told the FT separately on Wednesday that the central bank is poised to keep rates unchanged "for the foreseeable future" as Wall Street waits for more economic data and clarity on Trump's policies.

Trump's remarks come five days before the Fed's first policy meeting to be held during his administration - on Jan. 28 and 29 - with very broad expectations officials will leave rates unchanged.

President Donald Trump on Thursday said he would press the Federal Reserve to lower interest rates “immediately,” rekindling a fight over the historically independent U.S. central bank.

President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.

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A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence and leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum’s annual event in Davos.

The Federal Reserve is not expected to cut interest rates on Wednesday but the US central bank’s policy is already under scrutiny from President Donald Trump. Investors overwhelmingly expect the Fed to hold rates at their current level of 4.25-4.5 per cent, after three consecutive cuts since September.

The strength of the US economy is making BlackRock Inc. Chief Executive Officer Larry Fink wonder if the Federal Reserve may have to resort to increasing interest rates later after easing in the short term.

He has frozen federal hiring and signed an order allowing career civil servants to be fired at will. Read more at straitstimes.com.

President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials

US Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central