US Trump doubles down on Fed criticism over rising rates
|US President Donald Trump informed reporters on Tuesday that he's unhappy with the US Federal Reserve's pace of interest rate hikes following the Fed's September rate lift.
With Trump's statements comes some confusion from onlookers, given that the US Federal Reserve is mandated by Congress to target low inflation and keeping unemployment under check; US inflation currently sits just above 2% on an annualized basis, while unemployment is currently sitting at a four-decade low.
According to Donald Trump, before departing for another campaign event in Iowa: “well, I like to see low interest rates. The Fed is doing what it thinks is necessary but I don’t like what they’re doing because we have inflation really checked, and we have a lot of good things happening. I just don’t think it’s necessary to go as fast.”
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