Economics

Trump Slams Fed on Eve of Rate Meeting Amid ‘Very Strong’ Dollar

President says there’s no inflation, urges ‘Take the Victory’
Investors see 74 percent likelihood Fed will hike this week

"Let the Fed do their job," says Paul Romer, Nobel Laureate and NYU Stern Professor of Economics.(Source: Bloomberg)

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By Craig Torres and Christopher Condon

December 17, 2018 at 1:39 PM UTC

Updated on

December 17, 2018 at 3:02 PM UTC

This article is for subscribers only.

President Donald Trump slammed the Federal Reserve on the eve of a pivotal policy meeting for “even considering” another interest-rate increase, laying out arguments against a hike to savor the achievement of a strong U.S. economy.

“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,” Trump said in a tweet on Monday. “Take the Victory!”