Instead, Mr. Powell has continued Ms. Yellen’s pace of gradual return to historically normal rates, by raising rates twice this year. On Monday, Mr. Trump complained about the Fed chairman publicly, telling Reuters “I’m not thrilled with his raising of interest rates, no. I’m not thrilled.” Mr. Trump, in an interview, added “I should be given more help by the Fed” through more accomodative monetary policy. “The other countries are accommodated,” Mr. Trump said, saying that both China and the European Union are manipulating their currencies. Mr. Trump previously criticized the Fed this summer, breaking with decades of presidential convention.
Source: New York Times August 20, 2018 18:52 UTC