Trump says Fed interest-rate hikes unnecessary

President Trump on Tuesday resumed his criticism of the Federal Reserve for steadily raising interest rates even though inflation is under control near the Fed’s target rate of 2 percent.

“I like to see low interest rates,” Trump told reporters on the White House lawn before leaving for an Iowa event.

“The Fed is doing what it thinks is necessary but I don’t like what they’re doing because we have inflation really checked, and we have a lot of good things happening.”

Trump has complained numerous times that the Fed, which has raised interest rates three times this year and is expected to make one more increase this year, is hiking rates too fast and holding back the economy.

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