Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Federal Reserve Board Chairman Jerome Powell. Photo: Mark Wilson/Getty Images
President Trump repeated his attack on Federal Reserve Chairman Jerome Powell for raising interest rates in an interview with The Wall Street Journal on Tuesday.
“I'm just saying this: I'm very unhappy with the Fed because Obama had zero interest rates ... Every time we do something great, he raises the interest rates."— President Trump to The Wall Street Journal
Why it matters: Trump has put the Fed in a box — no matter what the central bank does, it will appear as though they aren’t independent. If they don’t raise rates, it will appear as if they've been influenced by the president. If they do hike, it will look like they are doing so simply for the appearance of independence.