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Trump Touts Strong Economy, but 'Not Happy' About Rate Hike

by Axios | Updated on 9.27.18

President Trump said Wednesday's interest rate hike is an example of how strong the economy is, but also slammed the Federal Reserve for raising rates.

Why it matters: This is not the first time Trump has publicly knocked the Fed for hiking rates, but this is definitely the fastest. At a news conference on Wednesday, Fed Chairman Jerome Powell, citing the independence of the central bank, said it "does not consider political factors" when determining monetary policy.

Axios

Written by Axios

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(9)
  • Ruth
    09/27/2018
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    The economy is booming for big business and the 1%, but for the rest of use, life gets smaller by the day!

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  • PLD
    09/28/2018
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    The businessman who has a refined talent in bankruptcy through court experiences is in no shape to criticize the experts!

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  • Azrael
    09/28/2018
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    How many bankruptcies? How many people did he stiff? With my giant tax cut I can afford the $1.00 cup of coffee at Wawa this month Just one

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  • samiam6
    09/27/2018
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    Send all the Republicans home.

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  • Judith
    10/02/2018
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    THIS URBAN POLITICAL MYTH OF THE ECONOMY BEING STRONGER NEEDS TO BE BURIED IN THE LAND FILL ! THE TRUTH IS THAT THE RICH PEOPLE ARE SACKING THE GOVERNMENT AND THE ECONOMY !

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  • Mark
    09/28/2018
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    I think it’s ridiculous that our central bank isn’t even controlled by the government how long are we going to let outside interest control our money supply

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  • Donna
    09/27/2018
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    What comes first - the tweet firing Jerome Powell or the one firing Rod Rosenstein? Only djt knows for sure.

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  • Jose
    09/28/2018
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    Skeeeeeeee blerp

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  • Ruth
    09/30/2018
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    All the chatter about booming economy is smoke and mirrors. For the middle class, the economy has deteriorated; many have lost jobs, seen purchasing power greatly diminished, etc. the winner, big business and the the top 1% only.

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