Trump criticises Fed over rate rises and threatens higher tariffs
US president says rate hikes are “taking away our competitive edge”
US president Donald Trump publicly criticised the Federal Reserve’s policy rate raises in a series of interventions over the last two days.
Trump said on July 19 that he was “not thrilled” by the rate hikes. “Because we go up and every time you go up they want to raise rates again,” he told an interview on US TV channel CNBC. “I am not happy about it. But at the same time I’m letting them do what they feel is best.”
It was not clear from his words whether Trump is aware that the president of
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