Fed Chairman Jerome Powell. Photo: Xinhua/Liu Jie/Getty Images

President Donald Trump told CNBC's Joe Kernen that he's "not thrilled" with the Federal Reserve's decision to raise interest rates, claiming that the timing of the hikes will disrupt the booming economy and put the U.S. at a "disadvantage" compared to countries with loose monetary policy.

Why it matters via Axios' Dan Primack: Presidents are usually loathe to credit or criticize the Fed, believing there should be a separation between monetary and fiscal policy. Trump even acknowledged in the interview that he was setting himself up for criticism, but said that he "couldn't care less" because his views haven't changed from when he was a private citizen.

White House spokeswoman Lindsay Walters later told Axios: “Of course the president respects the independence of the Fed ... The President’s views on interest rates are well known and his comments today are a reiteration of those long held positions, and public comments.”

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
Caitlin Owens, author of Vitals
1 hour ago - Health

Large coronavirus outbreaks leading to high death rates

Data: The COVID Tracking Project; Chart: Sara Wise/Axios

Many of the states where coronavirus cases have recently skyrocketed are also seeing the highest death rates in the nation, a painful reminder that wherever the virus goes, death eventually follows.

Between the lines: Deaths usually lag behind cases by a few weeks. Given America's record-high case counts, it's reasonable to expect that death rates across the country will continue to rise in tandem.

Amy Harder, author of Generate
2 hours ago - Science

Pandemic scrambles Americans' acceptance of science

Illustration: Sarah Grillo/Axios

The pandemic is throwing a wrench into Americans' understanding of science, which has big implications for climate change.

Driving the news: Recent focus groups in battleground states suggest some voters are more skeptical of scientists in the wake of the coronavirus pandemic, while surveys reveal the persistence of a deep partisan divide.