President Trump urges Federal Reserve against interest rate hike

President Trump Thursday urged the Federal Reserve, the US central bank, to not make “another mistake” by raising interest rates.

He wrote, “I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!.”

The WSJ in its editorial, made a case for the Fed to pause in its interest-rate march. The journal urged that hike in interest rates be taken back to “normal”.

Trump has several times criticized the Federal Reserve and the Central bank over its interest hikes. Yesterday, the president once again wrote, “It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!.”