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Trump Says Fed Should Not Hike Rates, But Calls Powell “A Good Man.” (12/18/2018)

In an interview Tuesday with Reuters (12/12, Rampton, Mason), President Trump said it would be a mistake if the Federal Reserve raises interest rates when it meets next week, “as it is expected to do, continuing his criticism of the US central bank.” Said Trump, “I think that would be foolish, but what can I say?” He added, “You have to understand, we’re fighting some trade battles and we’re winning. But I need accommodation too.” While Trump has recently criticized Fed Chairman Jerome Powell, Reuters says he was “more conciliatory in his comments” on Tuesday. Said Trump, “I think he’s a good man. I think he’s trying to do what he thinks is best. I disagree with him. I think he’s being too aggressive, far too aggressive, actually far too aggressive.”

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