Fed Is Losing 'Ability to Control Interest Rates'

“They’re raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon,” Trump told reporters in the Oval Office.

The president also took to Twitter to lambaste the central bank after it raised interest rates for a fourth time in 2018.

Nonetheless, he reaffirmed his confidence in the U.S. economy despite the latest market volatility that saw the Dow lose over 650 points on Christmas Eve.

“I have great confidence in our companies. We have companies, the greatest in the world, and they’re doing really well. They have record kinds of numbers. So I think it’s a tremendous opportunity to buy,” said Trump.

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