Trump lashes out at U.S. Fed ahead of expected rate hike
- 5 years ago
President Trump has once again lashed out at the Federal Reserve for considering another interest-rate hike.
In a tweet on Monday - just two days before the Fed is expected to raise rates - Trump said he found it "incredible" the U.S. central bank would consider the move amid a strong dollar and what he called "virtually no inflation."
He also mentioned the economic slowdowns in France and China, urging the Fed to "take the victory."
White House trade adviser Peter Navarro also expressed similar sentiment a few hours after Trump's tweet.
The president has repeatedly criticized the Fed for increasing rates, saying it interferes with his economic policies.
However, Bloomberg reported last month that rate hikes would cut into his own fortune, by increasing payments on his variable-rate loans.
In a tweet on Monday - just two days before the Fed is expected to raise rates - Trump said he found it "incredible" the U.S. central bank would consider the move amid a strong dollar and what he called "virtually no inflation."
He also mentioned the economic slowdowns in France and China, urging the Fed to "take the victory."
White House trade adviser Peter Navarro also expressed similar sentiment a few hours after Trump's tweet.
The president has repeatedly criticized the Fed for increasing rates, saying it interferes with his economic policies.
However, Bloomberg reported last month that rate hikes would cut into his own fortune, by increasing payments on his variable-rate loans.