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Trump EXCLUSIVE: US economic growth hindered by Fed rate hikes



President Trump told FOX Business' Maria Bartiromo on Thursday that while Federal Reserve policies have impeded economic growth, the nation's financial status continues to outpace its global counterparts.

"The world is slowing, but we're not slowing, "Trump said during an exclusive interview on" Mornings with Maria. "" And frankly, if we did not have somebody that would raise interest rates and do quantitative tightening, we would have been at over 4 [percent] instead of at 3.1 [percent]. "

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The president has been a harsh critic of the US central bank for being too aggressive on interest rate hikes.

On Wednesday, during its second monetary policy meeting of the year, the Fed voted to hold the benchmark federal funds rate steady. The Federal Open Market Committee

The policy setting board has signaled that it does not see any future Trump denies may have been influenced by his outspoken criticism of the Fed.

"I hope I did not influence, frankly, but it does not matter. I do not care if I are affected or not, "he said. "One thing, I was right. But we would be over four [percent] if they did not hike and they're tight. They did $ 50 billion a month. I said, 'What are we doing here?' "

Trump Joins FOX Business'" Morning with Mary "Friday at 6 a.m. ET to discuss the U.S. Economy, Federal Reserve and China trade talks.


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