Breaking tradition, Donald Trump Says He’s ‘Not Happy’ About Federal Reserve Interest-Rate Increases.

President Donald Trump said Thursday he hoped the Federal Reserve would stop raising interest rates, delivering an unusual censure of the central bank.

“I am not happy about it,” Mr. Trump said about interest-rate increases during an interview conducted Thursday by CNBC.

Mr. Trump said he was “not thrilled” because every time the economy strengthens “they want to raise rates again.”

But he also said he wouldn’t interfere with the Fed. “I’m letting them do what they feel is best,” he said.

Easy Money


Europe’s “making money easy, and their currency is falling,” Mr. Trump told CNBC. “China, their currency is dropping like a rock. Our currency is going up. I have to tell you, it puts us at a disadvantage.” A stronger greenback makes U.S. exports relatively more expensive on world markets.

A Federal Reserve spokeswoman declined to comment Thursday.

Mr. Trump said he knew some people didn’t think it was appropriate for the president to comment on interest rates or the dollar, but he said of those concerns, “I couldn’t care less what they say.”

During his presidential campaign, Trump was highly critical of Fed Chair Janet Yellen. He accused her of keeping interest rates low to help Democrats. Ms. Yellen denied the accusation and said politics didn’t factor into the Fed’s decisions.

In addition to not understanding trade, Trump just proved he does not know anything about currencies either.

"Easy money"? Sheeesh! And what about that selective memory?

Mike "Mish" Shedlock

Trump Blasts Powell on Rate Hikes, QT, and the Strong Dollar at CPAC 2019

Speaking during the CPAC 2019 conference on Saturday, Trump blasted Fed Chair Jerome Powell on three fronts.

St. Louis Fed President Criticizes Rate Hike Expectations as Too Aggressive: Is He Correct?

Citing weak inflation expectations and weak economic reports, St. Louis Fed’s Bullard says expected rate hikes ‘aggressive’.

Rate Hike Cycles vs. the US Dollar: Rate Hikes Bad for Gold?

Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other.

Trump Says Dollar is Too Strong Because People Have Confidence in Him: Let’ Fact Check

Today president Trump both praised and blamed himself for the strong dollar.

March Rate Hike Odds Surge to 80 Percent: New Standard for “Surprisingly Strong” Economy

Rate hike odds surged as high as 80% following comments today from two Fed presidents. The odds are 62% as I am typing now. Let’s investigate the spike.

Trump Threatens to Place Tariffs on All $500B China Imports, Blasts Fed Again

Trump blasted the Fed, the EU, China today with threats to put tariffs on everything. China and the EU are manipulators.

Dallas Fed President Sees "No Movement" in the Fed Funds Rate

Dallas Fed President Robert Kaplan made some interesting comments today on interest rates, repos, and the coronavirus.

Kansas City Fed says Rate Hikes “Necessary” as Weakness is “Transient”: June Rate Hike Odds Sink

Esther George, president and chief executive officer of the Kansas City Fed says Continuing With Rate Rises Is ‘Necessary’.