US President Donald Trump has again attacked the Federal Reserve for considering raising interest rates, as the country’s central bank plans to raise borrowing costs for a fourth time this year.
“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!” Trump tweeted on on Monday.
A few hours later, White House trade adviser Peter Navarro echoed Trump’s criticism, calling the Fed “crazy” for having signaled, as it did in September, that it would continue to raise rates next year.
As the US economy has recovered, the Fed has been raising the benchmark lending rate gradually since December 2015.
Many economists also see the Fed increasing rates next year as well, although at a slower pace in the face of a possible economic recession.
Trump has frequently…