Trump Criticizes Fed's Rate Hike Decision as Politically Motivated

President Donald Trump expressed his dissatisfaction with the Federal Reserve's decision to raise interest rates last month. In an interview with Time Magazine, Trump stated that he would have voted against the rate hike if he were in the position of Chairman Kevin Warsh.

'I probably would have voted against the board if I were him,' Trump said.

The Fed's unanimous decision to raise interest rates by a quarter percentage point was seen as a move to contain inflation. This decision bucked President Trump's pressure on the central bank to lower borrowing costs.

Trump has been critical of the Fed's actions, accusing the board of being 'very hostile' and motivated by 'Trump derangement syndrome.'