Trump Says He's 'Not Thrilled' About US Interest Rate Hikes

Trump criticizes Fed for rate hikes in break with precedent

Trump defended his comments to CNBC by saying he is "just saying the same thing that I would have said as a private citizen". "As usual, not a level playing field".

"We don't like what you're doing'".

"I don't want them to be scared", he told CNBC.

US President Donald Trump said in an interview released today he is willing to hit all Chinese goods imported to the United States with tariffs if necessary.

US President Donald Trump has heaped more pressure on the European Union, after tweeting that they are "manipulating their currencies".

The president also noted he is doing what's right for the American people and reiterated his long-held belief about the state of US trade with China.

"I'm not thrilled", Mr Trump told the network in an interview excerpt aired on Thursday.

Trump followed up the CNBC comments with a tweet on Friday, in which the president said the Fed's interest-rate tightening "hurts all that we have done". And because we live in a reality where logical human behavior reigns supreme, the president has remained demure on all Fed-related topics this morning... I don't really - I am not happy about it.

Trump has threatened to slap a 25% tariff on imported cars and components, with a commerce department review underway to establish whether this is justified on national security grounds.

During the 1960s, President Lyndon Johnson reportedly physically manhandled the then-Fed chairman, William McChesney Martin, for wanting to raise interest rates, which LBJ saw as a threat to his guns-and-butter fiscal spending.

"Equities sank sharply in the wake of Trump saying is he ready to slap tariffs on all the goods the U.S. imports from China, which total over $500bn".

Most economists believe the current economic climate, with the nation's unemployment at historic lows and inflation at the Fed's 2 percent target, justify recent interest rate rises and a strong USA dollar. In return, China levied taxes on the same value of products from the United States, including soybeans.

The rare rebuke was likely to stir a backlash as it broke with the long-established practice of the executive branch not commenting on the Federal Reserve's decisions out of respect for its independence.

Last month, the Fed raised its benchmark rate for a second time this year and projected two more increases in 2018.

Trump's dismissal of economic-policy tenets shifts attention during a week when he's facing growing pressure over his relationship with Russian President Vladimir Putin and his lukewarm support for the finding by USA intelligence agencies that Russia meddled in the 2016 election. But at the same time I'm letting them do what they feel is best'.

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