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Trump Says the Fed Is His Biggest Threat. What’s He So Afraid of?

October 17, 2018

Via: Fortune
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It’s not China, it’s not Russia, and it’s not the Democratic Party or pesky journalists. U.S. President Donald Trump says the biggest menace to his administration is the U.S. Federal Reserve.

In an interview with Fox Business Network Tuesday, Trump continued his on-going criticism of the Fed for its interest rate increases, which he thinks are slowing the economy. “My biggest threat is the Fed,” he said.

The Fed has raised interest rates six times during the Trump administration, three of those times under current Fed chief Jerome Powell, who was nominated by Trump. “I’m not happy with what he’s doing because it’s going too fast,” Trump said.

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