Trump Slams Fed Hours After Powell Lifts Interest Rates

Fed raised rates on Wednesday by a quarter-percentage point
Powell said earlier in the day Fed focused on its mandate

Trump speaks at a news conference about the decision by the Federal Reserve to raise interest rates.(Source: Bloomberg)

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By Christopher Condon and Steve Matthews

September 26, 2018 at 9:34 PM UTC

This article is for subscribers only.

President Donald Trump again expressed his frustration with the Federal Reserve, this time just hours after the U.S. central bank raised interest rates.

“We are doing great as a country,” Trump said Wednesday at a press conference in New York. “Unfortunately they just raised interest rates a little bit because we are doing so well. I am not happy about that.”