Trump on Monday criticized the Fed for hiking rates too quickly, saying he was “not thrilled” with Powell, his own choice to lead the Fed. Powell characterized the U.S. economy as very healthy and said the Fed expects growth and hiring to continue. The Fed may raise rates again in December and possibly three more times in 2019, moves likely to draw Trump’s continued ire. Much like Trump, they say raising rates again will harm working people’s chances of getting jobs and better pay. Related:Trump escalates attacks on Fed saying he’s ‘not thrilled’ with Jerome H. PowellWinners and losers in the longest U.S. bull market ever

Source: Washington Post August 24, 2018 14:03 UTC