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    Trump Slams Interest Rate Hikes, Ignoring Hands-Off Tradition Toward Fed

    The commander in chief usually doesn't comment directly on Fed policy. But President Trump broke with that tradition Thursday, saying, "I'm not thrilled" about the Fed's interest-rate increases.
    by Avie Schneider Jul 19, 2018 1 minute
    President Trump looks on as his nominee for Federal Reserve chairman, Jerome Powell, takes to the podium at the White House on Nov. 2. On Thursday, Trump said he is "not thrilled" about Fed interest rate hikes.

    Updated at 3:19 p.m. ET

    The Federal Reserve got a rare piece of advice from the president Thursday. The central bank is an independent agency and usually the commander in chief doesn't comment directly on Fed policy.

    But President Trump broke with, "I'm not thrilled" about the Fed's interest-rate hikes. "Because we go up and every time you go up they want to raise rates again. I don't really — I am not happy about it. But at the same time I'm letting them do what they feel is best."

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