Trump criticizes Fed for raising interest rates too quickly

Treasury Secretary Steve Mnuchin, right, speaks with Federal Reserve Chairman Jerome Powell, at the start of a meeting of the Financial Stability Oversight Council, Tuesday, Oct. 16, 2018, at the Treasury Department in Washington. (AP Photo/Jacquelyn Martin)

President Donald Trump is criticizing the Federal Reserve for raising interest rates too quickly

WASHINGTON — President Donald Trump is criticizing the Federal Reserve for raising interest rates too quickly.

The recent increase in interest rates has spooked investors who fear higher borrowing costs could slow down the economy.

Trump has blamed the market's big sell-off on rising rates and has described the Fed as being "out of control." Treasury Secretary Steven Mnuchin says Trump respects the independence of the Federal Reserve and simply favors low interest rates.

Trump spoke during a Tuesday interview with "Trish Regan Primetime" on Fox Business Network.

He says: "My biggest threat is the Fed." Trump says he knows the Fed is independent, but he thinks interest rates are rising too quickly.

Related News

Medicaid estimate renews cost concerns over...

Aug 12, 2016

Government cost estimates for expanding Medicaid to millions more low-income people are increasing...

Studies shine light on mysterious placenta, how...

Aug 12, 2016

Placenta is most mysterious organ: Scientists don't know how this tissue that nourishes a fetus...

3 years into nation's hemp experiment, crop's...

Aug 12, 2016

Three years into the nation's hemp experiment, the crop's hazy market potential is starting to come...

Tepid retail sales lower expectations for US...

Aug 12, 2016

Tepid retail spending in July lowers expectations for US economic growth in coming months

US producer prices slid 0.4 percent in July

Aug 12, 2016

US producer prices fell last month by the biggest percentage since September, pulled down by...

Pressuring Trump, Clinton releases 2015 tax...

Aug 13, 2016

Hillary Clinton and her husband earned $10.6 million last year, according to a tax filing released...

Here at The World Agenda, we bring innovation to digital news for you to keep abreast of worldwide news instantly anywhere.

Contact us: sales[at]theworldagenda.com