Trump says Fed’s rate hike is politically driven, calls board ‘hostile’

Former President Donald Trump said the recent Federal Reserve interest‑rate increase was motivated by a ‘hostile’ board acting for political reasons. He added that the United States is performing so well that rates should be around 1 percent or even lower. Trump’s remarks came as the Fed announced the uptick, which he described as a move that harms the economy. He did not provide a specific timeline for reversing the decision, but warned that the current policy could hurt growth. The comment was made during a live broadcast where Trump repeatedly criticised the central bank’s independence.