Trump: An improving economy should not lead to interest rate hikes; the US has a debt problem and many other issues to address.

CoinFeed reported on June 7th that, according to Jinshi News, US President Trump stated that it would be a mistake for Federal Reserve policymakers to raise interest rates after US employment data significantly exceeded expectations. He also insisted that he did not want to influence Kevin Warsh before his first Fed meeting. In an interview with NBC, Trump said, "These days, whenever the economic data is good, the market goes down because everyone thinks the Fed will raise rates. But there's absolutely no reason to raise rates." Trump's remarks further increased the economic and political pressure on Warsh. Trump stated, "Raising the benchmark interest rate is the wrong thing to do. In fact, we should lower rates." Trump added, "I work with Kevin now. I have a lot of respect for him, but my view is that when a country's economy is doing well, it shouldn't be punished immediately by raising interest rates."