Exclusive: Trump says not thrilled with Fed's Powell for raising rates

Exclusive: Trump says not thrilled with Fed's Powell for raising rates

WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he was "not thrilled" with Federal Reserve Chairman Jerome Powell for raising interest rates and accused China and Europe of manipulating their respective currencies.

Trump, who nominated Powell last year to replace former Fed Chair Janet Yellen, told Reuters in an interview that he believed the U.S. central bank should be more accommodating.

"I'm not thrilled with his raising of interest rates, no. I'm not thrilled," Trump said in the interview.

(Reporting by Jeff Mason, Steve Holland and James Oliphant; Editing by Kevin Drawbaugh and Paul Simao)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Aug 21, 2018 02:05 AM

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