Washington Post

Federal Reserve expected to hike interest rates Wednesday, a move Trump calls 'foolish' and 'incredible'

President Donald Trump speaks as Jerome Powell. then a governor of the Federal Reserve, listens in the Rose Garden of the White House in Washington, D.C., as Trump nominated Powell for Fed chairman on Nov. 2, 2017. Foto: Bloomberg photo by Andrew Harrer.

WASHINGTON - President Donald Trump on Monday urged the Federal Reserve not to raise interest rates, but Fed officials are widely expected to do so this week despite the president's ongoing public effort to dissuade the U.S. central bank from putting any brakes on the economy.

"It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!" Trump wrote Monday in a Twitter post...

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