Trump reportedly complained at fundraiser about Fed rate hikes under Powell

President Donald Trump complained to donors at a Hamptons fundraiser that the Federal Reserve Chairman Jerome Powell has not been "cheap money," Bloomberg News reported, citing three sources. The Fed has hiked interest rates twice this year and is expected to make another quarter-point increase as soon as September.

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Trump launches steady stream of criticism of Fed chief Powell’s interest-rate policy

President Donald Trump kept up a steady stream of criticism of Fed Chairman Jerome Powell that began in the Hamptons on Friday and continued with an interview with Reuters on Monday.

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