WASHINGTON (AP) — The Latest on Attorney General William Barr's testimony before the Senate Judiciary Committee (all times local):
WASHINGTON (AP) — Stepping up his attacks on the Federal Reserve, President Donald Trump declared Tuesday that the Fed is "my biggest threat" because he thinks it's raising interest rates too quickly.
Trump said he doesn't speak with Chairman Jerome Powell because of the Fed's political independence but said. "I'm not happy with what he's doing because it's going too fast" in raising rates at a time when inflation has remained relatively low.
WASHINGTON (AP) — President Donald Trump is criticizing the Federal Reserve for raising interest rates too quickly.
The recent increase in interest rates has spooked investors who fear higher borrowing costs could slow down the economy.
Trump has blamed the market's big sell-off on rising rates and has described the Fed as being "out of control." Treasury Secretary Steven Mnuchin says Trump respects the independence of the Federal Reserve and simply favors low interest rates.