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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

Michigan board certifies Biden's win

Poll workers count absentee ballots in Detroit, Michigan on Nov. 4. Photo: Salwan Georges/The Washington Post via Getty Images

The Michigan Board of State Canvassers certified the state's election results on Monday, making President-elect Joe Biden's win there official and granting him the state's 16 electoral votes.

Why it matters: Republican Party leaders had unsuccessfully appealed to delay the official certification, amid the Trump campaign's failed legal challenges in key swing states.

Biden to nominate Janet Yellen as Treasury secretary

Photo: Photo by Alex Wong/Getty Images

President-elect Joe Biden is preparing to nominate former Fed Chair Janet Yellen as his Treasury Secretary, four people familiar with the matter tell Axios.

Why it matters: Yellen, 74, will bring instant economic celebrity to Biden’s team and, if confirmed, she will not only be the first female Treasury Secretary but also the first person to have held all three economic power positions in the federal government: the chair of Council of Economic Advisers, the chair of Federal Reserve and the Treasury Secretary.

3 hours ago - Podcasts

Bob Nelsen on AstraZeneca and his plan to revolutionize biotech

AstraZeneca and the University of Oxford on Monday reported promising efficacy data for their COVID-19 vaccine, which has less stringent storage requirements than the Pfizer and Moderna vaccines and may be distributed earlier in developing countries.

Axios Re:Cap digs into the state of vaccine and therapeutics manufacturing with Bob Nelsen, a successful biotech investor who on Monday launched Resilience, a giant new pharma production platform that he believes will prepare America for its next major health challenges.