The president makes his first critical remarks about the Fed. “I’m not thrilled” the central bank is raising borrowing costs and potentially slowing the economy, he says in an interview with CNBC. “I don’t like all of this work that we’re putting into the economy and then I see rates going up."
June 13
The Fed raises rates by a quarter point.
March 21
The Fed raises rates by a quarter point.
Dec. 13, 2017
The Fed raises rates by a quarter point.
Nov. 2, 2017
At the Rose Garden ceremony marking his nomination by Trump to the chairmanship, Powell was careful to slip into his remarks a reference to the Fed’s independence: “I strongly share that sense of mission and am committed to making decisions with objectivity and based on the best available evidence, in the longstanding tradition of monetary policy independence.” Trump said he picked Powell because “he’s strong. He’s committed. He’s smart.”
This article provided by Bloomberg News.