There aren’t many days where Donald Trump doesn’t break Presidential protocol in some way. Today he overstepped his bounds when talking about rising interest rates. “I’m not thrilled,” he told CNBC. Politico reports:
“President Donald Trump broke a traditional taboo Thursday by openly criticizing the Federal Reserve for its campaign of gradual interest rate hikes, arguing that the central bank could counteract the positive effects of his economic policies.”
“His comments depart from a convention in which presidents have refrained from speaking specifically on monetary policy.”
Trump says he opposes Fed's rate rise. Wow. CNBC's @steveliesman : "I do not believe in our modern history" a president has done this.
— Tim Hanrahan (@TimJHanrahan) July 19, 2018
WATCH: President Trump lays into the Fed, telling CNBC that he's 'not thrilled' about interest rate hikes https://t.co/5JKBCYHe0g pic.twitter.com/0AJjOX7NbK
— CNBC Now (@CNBCnow) July 19, 2018
The Federal Reserve's independence from political interference has been a hallmark of its existence.
But today, Trump laid into the Fed, saying he's "not thrilled" with rate hikes and worries that the work his admin has done will be nullified. https://t.co/AiIQS1m8z5
— Kyle Griffin (@kylegriffin1) July 19, 2018
Remember when Trump tweeted about the jobs report before it came out? No consequences then, and so it continues. These losses of norms matter! https://t.co/kAo9YD5ZXK
— Amy Siskind 🏳️🌈 (@Amy_Siskind) July 19, 2018