Trump criticized Fed’s rate hikes again in a CNBC interview from the south lawn of the White House. He said “I think we don’t have to go as fast”. And, he was “worried about the fact that they seem to like raising interest rates, we can do other things with the money.”
On the economy, Trump said “the numbers we’re producing are record-setting,” apparently referring the lowest unemployment rate in around 40 years. And, he added “I don’t want to slow it down, even a little bit, especially when you don’t have the problem of inflation”. And, on inflation he said “you don’t see that inflation coming back. Now, at some point it will and you go up”.
Though, he also repeated that he had no discussed the concerns personally with Fed Chair Jerome Powell and he likes to “stay uninvolved”.