Trump Adds Fed to Enemies List After Rate Hike Decision

The US economy has been experiencing high inflation, and the Federal Reserve (Fed) recently decided to raise interest rates. However, President Trump was not pleased with this decision and added the Fed to his 'enemies list'. He claimed that the rate hike was part of a conspiracy to make him look bad.

Trump's argument is based on his theory that because the US has the hottest economy (a claim disputed by experts), it should have the lowest interest rates. This reasoning is flawed, as lowering interest rates typically occurs when the economy is weak, not strong.

The Fed's decision was unanimous, with all four members who Trump appointed voting in favor of the rate hike. This includes Jerome Powell, whom Trump previously nominated as Fed chair. The vote suggests that even Trump's own appointees disagree with his views on interest rates and inflation.