President Donald Trump is pointing the finger directly at the Federal Reserve board following the first interest rate hike in three years. While the central bank moved to increase rates to a range of 3.75 to 4 percent on Wednesday, the President made it clear he holds the board members responsible rather than Fed Chair Kevin Warsh, as reported by The Hill.
After landing in North Carolina, he told reporters, “I’m relying on Kevin, but he’s got a very tough board.” He added, “He’s got a board that was put there by a lot of other people.” The President went as far as to share his private conversations with the Chair regarding the board members.
