President Donald Trump renewed his offensive against the Federal Reserve and chairman Jay Powell on Monday, saying it is surprising that the US central bank “is even considering” raising interest rates again this month.
“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!,” he said in a tweet just a day before the start of the final Fed policy meeting of the year.
US presidents have typically refrained from commenting on the Fed’s decisions in an effort to emphasise the bank’s independence from political pressure.
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