President Donald Trump again criticised the Federal Reserve for raising interest rates, calling it a "mistake" hours after the worst United States stock market sell-off since February.
"The Fed has gone insane", he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. "But I really disagree with what the Fed is doing, OK?"
According to Donald Trump, before departing for another campaign event in Iowa: "well, I like to see low interest rates". The criticism is also unusual given that Jerome Powell, the Fed chairman, was appointed by Mr...
Trump said Tuesday that the economy is enjoying "record-setting" numbers and "I don't want to slow it down even a little bit, especially when we don't have the problem of inflation". "Now at some point" inflation will come back, he said.
Inflation, which had been worrisomely low in Evans' view, is now at the Fed's 2-percent target.
It was at least the third time that the president has criticised Fed policy since taking office.
Trump's comments echo his previous criticisms of recent months, which broke more than two decades of White House tradition of avoiding comments on monetary policy out of respect for the independence of the US central bank.
The Fed has been raising interest rates gradually since December 2015, and last month lifted its target for short-term rates to a range of 2 percent to 2.25 percent, responding to an economy that has been growing at a pace well above what Fed officials believe is sustainable.