Trump argues economy has been stifled by rising interest rates | TheHill - The Hill
The Hill - Tue 8 Jan 16:55 GMT

Trump argues economy has been stifled by rising interest rates | TheHill - The Hill

President Trump early Tuesday took a swipe at the Federal Reserve, arguing the economy's performance has been held back by the central bank's decision to raise interest rates.

  President Trump Donald John TrumpCuomo: Kavanaugh, Gorsuch are 'going to reverse Roe v. Wade' Trump to address nation Tuesday night amid shutdown over border Malala Yousafzai on Trump's border wall: 'This does not reflect the values of America' MORE early Tuesday took a swipe at the Federal Reserve, arguing the economy's performance has been held back by the central bank's decision to raise interest rates.

  Trump has repeatedly targeted the Fed and its chairman, Jerome Powell, for criticism over gradually increasing interest rates.

  The Fed issued four rate hikes this year, prompting outcry from a president who has tied the economy's performance to his administration's.

  The Fed under Powell has brought interest rates up toward historically neutral levels as the economy enjoys near-record low unemployment, rising wages and strong GDP growth.

  Trump has regularly questioned the decision to raise rates, and suggested he regrets tapping Powell to lead the Fed board.