The Fed raises interest rates by a quarter percentage point.
“We are doing great as a country,” Trump says at a press conference in New York. “Unfortunately they just raised interest rates a little bit because we are doing so well. I am not happy about that.”
Aug. 30
“We are not being accommodated,” Trump says in an interview with Bloomberg News in the Oval Office. “I don’t like that.”
“That being said,” he continues, “I’m not sure the currency should be controlled by a politician.” He also says he didn’t regret appointing Powell.
Aug. 20
In private remarks at a fund-raiser on Long Island Trump says he expected Powell to be a cheap-money Fed chairman and lamented to wealthy Republican donors that his nominee instead had raised interest rates, according to three people present.
July 20
Trump takes to social media to take another shot at the Fed. “China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day -- taking away our big competitive edge," Trump tweets. “The United States should not be penalized because we are doing so well.”
July 19