Trump Expresses His Displeasure with Federal Reserve Raising Interest Rates (Again) [Fortune]
Comcast Corporation - Class A (CMCSA)
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Source: Fortune
For the second time in a month, President Trump publicly expressed his displeasure with the Federal Reserve raising interest rates, saying that it should be more accommodating to economic growth. The president told Reuters on Monday that he wasn’t “ thrilled ,” this time singling out Federal Reserve Chairman Jerome Powell. “I’m not thrilled with his raising of interest rates, no, I’m not thrilled,” he said. “During this period of time I should be given some help by the Fed. The other countries are accommodated.” Trump’s comments come a month after he said on CNBC , “I’m not thrilled” that the federal reserve was increasing borrowing costs at the risk of slowing economic growth. In developed economies, central banks are independent of political control. While many U.S. presidents have chafed at the Fed’s inclination to increase rates and curb inflation, few if any have been as outspoken as Trump in their criticisms of the U.S. central bank. The latest Reuters interv
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