{"id":3309,"date":"2018-10-16T21:55:24","date_gmt":"2018-10-16T21:55:24","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/trump-calls-federal-reserve-my-biggest-threat\/"},"modified":"2018-10-16T21:55:24","modified_gmt":"2018-10-16T21:55:24","slug":"trump-calls-federal-reserve-my-biggest-threat","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/trump-calls-federal-reserve-my-biggest-threat\/","title":{"rendered":"Trump calls Federal Reserve ‘my biggest threat’"},"content":{"rendered":"\n
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\n Reuters<\/span><\/p>\n

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\n Donald Trump named Jerome Powell to lead the Federal Reserve
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US President Donald Trump has escalated his war of words against America’s central bank, calling the Federal Reserve his “biggest threat”.<\/p>\n

The remarks, made in an interview with US media outlet Fox Business, follow the president’s repeated criticism of the Fed for its decision to raise interest rates.<\/p>\n

Mr Trump is worried the moves will hurt economic growth.<\/p>\n

The Fed maintains the economy is strong enough to handle the increases.<\/p>\n

It has been gradually raising its benchmark rate since 2015, aiming to shift rates away from the ultra-low levels puts in place during the financial crisis and recession to spur economic activity.<\/p>\n

Before becoming president, Mr Trump said the Fed should be moving faster, accusing it of keeping rates artificially low to help then President Barack Obama.<\/p>\n

But his position has changed since he assumed office.<\/p>\n

In the Fox interview, he said: “My biggest threat is the Fed, because the Fed is raising rates too fast.”<\/p>\n

“It’s independent, so I don’t speak to [Federal Reserve chair Jerome Powell] but I’m not happy with what he’s doing,” he added.<\/p>\n

The comments follow Mr Trump’s attacks on the bank last week, after US share prices dropped suddenly. At the time, he said the bank had “gone crazy”<\/a> and was “out of control”<\/a>.<\/p>\n