Trump slams the Federal Reserve for raising interest rates

Cornelia Mascio
Luglio 19, 2018

'Because we go up and every time you go up they want to raise rates again.

Trump added that he was concerned that the Fed's rate hikes may put the United States at a "disadvantage" while the Bank of Japan and the European Central Bank keep their monetary policy loose, CNBC said. I don't really - I am not happy about it. He also called Jerome Powell, whom Trump nominated to lead the Fed, a "very good man".

"But I don't like all of this work that goes into doing what we're doing", he said, according to CNBC. "No president should interfere with the workings of the Fed", Fisher said.

During the 2016 campaign, Trump was highly critical of the Fed and accused officials of keeping rates at ultra-low levels to favor Democrats.

But President Trump broke with that tradition, saying in a CNBC interview, "I'm not thrilled" about the Fed's interest-rate hikes.

Last month, the Fed raised its benchmark rate for a second time this year and projected two more increases in 2018.

"The president's views on interest rates are well-known, and his comments today are a reiteration of those long held positions, and public comments", Walters said.

'I'm not thrilled, ' Trump told CNBC in an interview aired Thursday. But at the same time I'm letting them do what they feel is best'.

The economy has continued to grow since Trump took office, with unemployment rates down, growth rising and the stock market up.

A number of factors, including inflation and higher interest rates, could soon counteract the fiscal stimulus, however, and economists say the risk of recession in the coming years is growing.

Trump's comments have already sparked blowback.

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