Trump Lashes Out At Federal Reserve For 'Considering Yet Another Interest Rate Hike'
- 5 years ago
President Trump again expressed his opposition to raising interest rates.
President Trump on Monday slammed the Federal Reserve over interest rates.
"It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!" Trump tweeted.
The tweet comes in the wake of a declining US stock market.
Politico notes that Trump has "continually pestered the Fed to hold off on rate hikes, breaking from past presidents who sought to maintain the Fed's independence."
"Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!" Trump tweeted in April.
President Trump on Monday slammed the Federal Reserve over interest rates.
"It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!" Trump tweeted.
The tweet comes in the wake of a declining US stock market.
Politico notes that Trump has "continually pestered the Fed to hold off on rate hikes, breaking from past presidents who sought to maintain the Fed's independence."
"Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!" Trump tweeted in April.