Business
Donald Trump Criticizes Federal Reserve After First Rate Hike in Three Years
Reported by Ananya Das (Senior Writer) · Google News - UK Business ·
Representative image · Wikimedia CommonsDonald Trump has strongly criticized the United States central bank after it raised interest rates for the first time in three years. Trump blasted the interest rate uptick and claimed that a hostile Federal Reserve board made the decision only for political reasons. Despite his sharp criticism of the rate hike, Trump stated that he still has confidence in Fed Chair Warsh. At the same time, Trump demanded that interest rates should be one percent or lower, calling for rates to be one percent or less.
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