Trump says ‘it is incredible’ that the Fed is considering hiking interest rates again

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Yuri Gripas | Bloomberg | Getty Images
U.S. President Donald Trump speaks after signing bill H.R. 390, the Iraq and Syria Genocide Relief and Accountability Act of 2018, in the Oval Office of the White House in Washington, D.C., U.S., on Tuesday, Dec. 11, 2018. 

President Donald Trump took another shot at the Federal Reserve on Monday, saying he thinks “it is incredible” that “the Fed is even considering yet another interest rate hike.”

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The Federal Open Market Committee is meeting this week to set interest rates. The U.S. central bank is widely expected to raise rates after the meeting, which would be its fourth hike this year.

    The Fed will likely exercise a flexible approach to interest hikes, strategist says

    Trump has openly criticized the Fed, as well as Chairman Jerome Powell, multiple times this year. The president has gone so far as to say the Fed has “gone crazy” with monetary policy, and thinks “the rate’s too high.”

    “I think we have much more of a Fed problem than we have a problem with anyone else,” Trump said in November.



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