Trump wades back into monetary policy

  • Disagrees with Fed decision to raise interest rates

  • "Not thrilled" with Powell for hiking

  • Asked if he believes in Fed being independent, says he believes in Fed doing 'what's good for the country'

  • Fed should be more accommodating, says 'I should be given some help by the Fed'

  • China is manipulating its currency, Europeans manipulating euro

  • Says he will continue to criticize Fed if it continues to raise rates

  • When US puts tariffs on China, China artificially lowers price of yuan

I think this is going to backfire on him. The Fed bends for no one and it might harden their resolve to hike.

Trump is in way over his head on all these fronts.