Trump says Fed chair should ‘do whatever he wants’ but criticizes possible interest rate hikes

President Donald Trump criticized the possibility of the Federal Reserve raising interest rates but said in an interview on NBC News’ “Meet the Press” that he wants Fed Chair Kevin Warsh “to do whatever he wants.”

President Donald Trump criticized the possibility of the Federal Reserve raising interest rates but said in an interview on NBC News’ “Meet the Press” that he wants Fed Chair Kevin Warsh “to do whatever he wants.”

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“Kevin is fantastic, and I want him to do whatever he wants,” Trump told moderator Kristen Welker. “I don’t want to have a big influence on him. But we had a great report. We’re doing great, and it’s unfair that whenever you do great, they want to raise interest rates.”

The May jobs report indicated that the labor market was still resilient, adding 172,000 jobs while the unemployment rate remained consistent. The report came amid heightened concerns over oil and gas prices, which have risen since the start of the Iran war.