Breaks Years and Interest Rates

u.s: U.S. President Donald Trump on Wednesday voiced complaints about the Federal Reserve's increasing interest rates, according to The Toronto Star. The verbal attack, which comes in the wake of other complaints by the president, breaks years of tradition during which U.S. presidents and their advisers avoid commenting directly on Fed policy out of respect for the central bank's independence. I think the Fed has gone crazy, Trump told reporters before a rally in Pennsylvania. Manuel Balce Ceneta / The Associated Press Trump appeared to be complaining that the central bank, which is run by a chairman he appointed several months ago, Jerome H. Powell, is steadily raising interest rates, a normal course of action when an economy is strengthening. Trump has indicated he is concerned that the Fed's decision to hike rates could slow economic growth, which Trump has predicted would consistently exceed 3 per cent during his tenure. Trump has been stepping up his verbal attacks on the Fed, breaking with years of tradition during which U.S. presidents and their advisers avoid commenting directly on Fed policy out of respect for the central bank's independence. (news.financializer.com). As reported in the news.