Trump Doubles Down on Criticism of ‘Aggressive’ Rate Hikes By the Fed

Trump Doubles Down on Criticism of ‘Aggressive’ Rate Hikes By the Fed
President Donald Trump addresses the Interagency Task Force to Monitor and Combat Trafficking in Persons annual meeting at the White House in Washington, DC, on October 11, 2018. Nicholas Kamm/AFP/Getty Images
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WASHINGTON–President Donald Trump launched a second day of criticism against the Federal Reserve on Oct. 11, calling its interest rate increases a “ridiculous” policy that was making it more expensive for the federal government to finance deficits.

“I’m paying interest at a high rate because of our Fed. And I’d like our Fed not to be so aggressive because I think they’re making a big mistake,” Trump said on Oct. 11 on Fox & Friends.