Sep 26, 2018 - Politics & Policy

Trump touts strong economy, but "not happy" about rate hike

President Donald Trump and Federal Reserve Chair Jerome Powell.

President Donald Trump and Fed Chairman Jerome Powell last year. Photo: Drew Angerer/Getty Images

President Trump said Wednesday's interest rate hike is an example of how strong the economy is, but also slammed the Federal Reserve for raising rates.

Why it matters: This is not the first time Trump has publicly knocked the Fed for hiking rates, but this is definitely the fastest. At a news conference on Wednesday, Fed Chairman Jerome Powell, citing the independence of the central bank, said it "does not consider political factors" when determining monetary policy.

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