Fed raises rates and says more coming, brushing off Trump jabs

(Sept 27): Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into 2019, risking fresh criticism from President Donald Trump.

“We are doing great as a country,” Trump said Wednesday at a press conference in New York. “Unfortunately they just raised interest rates a little bit because we are doing so well. I am not happy about that.”

“Basically, I’m a low-interest-rate person,” Trump said.

---

Related Stories

• Japan’s central bank hikes key rate hours before the Fed
• ECB hikes interest rates in 10th salvo to quash inflation
• Fed officials signal divide over whether to hike rates again

---