Trump unhappy after the Federal Reserve takes interest rates

By JM Rieger | Washington Post

When Donald Trump had ordered his worst December since 1931 this month, President Donald Trump did what often makes President Donald Trump: turn to Twitter to air.

"The only problem our economy has is the Fed" Trump tweeted as markets experienced their worst Christmas Eve for decades. "The Fed is like a powerful golfer who can't score because he has nothing to touch – he can't putt!"

Perhaps more than any of its predecessors, Trump has strengthened the success of the presidency of the stock market. With markets down for the year, Trump has turned his ear to what he believes is the reason for the downturn in the market: the four Federal Reserve interest rate increases in 201[ads1]8.

Ironically, Trump blames the man he appointed less than a year ago for trips (though he claims he doesn't owe him. And perhaps even more ironic is that the Fed commends Trump's previous interest rate advice.

"We have a big, bold bubble that comes up, you look at. We have artificially induced low interest rates," says Trump to MSNBC's "Morning Joe" two days after announcing his candidacy in 2015. "I borrow money. . . you pay as nothing; They give you free money. Now it's bad, it's not good. "This month, Trump asked advisers to shoot Fed chairman Jerome Powell over interest rate increases, even after he basically accused President Barack Obama of forcing the Fed to keep prices low two years earlier (Trump" now realizes he doesn't have authority to burn Powell, White House Chief of Staff Mick Mulvaney worked Sunday).

"The rates are kept down by President Obama; I have no doubt that is why they are being held down," told Trump CNBC on September 12, 2016. "I used to hope the Fed was independent, and the Fed is obviously not independent. It's obviously not even close to being independent. "Trump's attack on the Fed picked up while markets fell in 2018, but Fed's interest rate hikes also coincided with mixed results from four trumps economic policies in 2018: impaired tax cuts and Expenses increase, multinational trade wars and reduced immigration, as analysts predict will lead to a shortage of labor in the near future. Wall Street analysts say these guidelines and Trump's unpredictability have contributed to the downturn in the market and can lead to a recession before the 2020 election.

But even with historically low interest rates, Trump has called the Fed's "biggest threat" that may be true for Trump personally: Each of the seven interest rates since taking office could cost the Trump organization millions of interest payments on variable rate loans .

"I'm worried that they seem to be raising interest rates.