Key facts
- President Trump criticized the Federal Reserve for hiking interest rates.
- Trump had previously threatened to halt trade if interest rates were not cut.
- The Federal Reserve raised interest rates for the first time in three years.
President Donald Trump renewed his criticism of the Federal Reserve on Wednesday, a day after the central bank raised interest rates for the first time in three years. Trump had previously threatened to halt a broad swath of trade if interest rates were not lowered, a possibility he resurfaced on Wednesday. The president also expressed confidence in Federal Reserve Chairman Kevin Warsh and stated that his administration should be recognized for its work on the Kennedy Center, which was closed for renovations.