President Donald Trump and Federal Reserve Chair Jerome Powell. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump is complaining again about the Federal Reserve raising interest rates, telling Reuters today that he's "not thrilled" with the Chairman of the Federal Reserve Jerome Powell, adding that he should be "given some help by the Fed."

Why it matters: Despite the pushback he's received for publicly speaking out about the independent government agency, Trump has continued to break a longtime norm of presidents not commenting on monetary policy. On Friday, Trump privately critiqued Powell, his pick to succeed Janet Yellen in 2017, at a GOP fundraiser in the Hamptons, per Bloomberg, and in July he told CNBC that he didn't like watching interest rates go up.

Between the lines: As Axios' Dan Primack notes, Trump's repeated digs at the Fed could be his way of setting up a scapegoat in the event that the economy turns south.

Be Smart: The Fed raised interest rates twice this year, and has suggested there could be two more hikes before the end of 2018. But if officials decide not to raise rates, there could be questions about whether Trump's comments had any influence on the central bank's decision.

  • Alternatively, former Fed official Narayana Kocherlakota told Bloomberg last month that it is more likely that the Fed will go ahead with its plans "just to show they are not being influenced by the White House in any way."

Go deeper: Trump complained about Fed hiking rates at GOP fundraiser

Go deeper

Trump commutes Roger Stone's sentence

Roger Stone arriving at his sentencing hearing on Feb. 20. Photo: Drew Angerer/Getty Images

President Trump on Friday evening commuted the sentence of his longtime associate Roger Stone, according to two senior administration officials. Stone in February was sentenced to 40 months in prison for crimes including obstruction, witness tampering and making false statements to Congress.

Why it matters: The controversial move brings an abrupt end to the possibility of Stone spending time behind bars. He had been scheduled to report to prison on July 14.

Updated 10 hours ago - Health

Which states have set single-day coronavirus records this week

Data: COVID Tracking Project and state health department data compiled by Axios; Map: Danielle Alberti and Naema Ahmed/Axios

13 states this week surpassed records set just last week for their highest number of coronavirus infections in a single day, according to the COVID Tracking Project and state health department data. 16 states in total reported new highs.

The big picture: The United States' alarming rise in coronavirus cases isn't just due to increased testing — particularly where the number of cases has grown fastest over the last month, Axios' Andrew Witherspoon and Caitlin Owens report.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6:30 p.m. ET: 12,389,660 — Total deaths: 557,279 — Total recoveries — 6,830,596Map.
  2. U.S.: Total confirmed cases as of 6:30 p.m. ET: 3,169,611 — Total deaths: 133,885 — Total recoveries: 983,185 — Total tested: 38,856,341Map.
  3. Public health: The reality of the coronavirus bites.
  4. Trade: Trump says he's no longer considering phase-two trade deal with China because the pandemic damaged the two countries' relationship.
  5. 🎧 Podcast: Rural America has its own coronavirus problem.