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October 17, 2018

Trump calls the Fed ‘My biggest threat'

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — 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.


 
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