Name: Trump: Fed Board Hiked Interest Rates ‘for Political Reasons’
Uploaded: 2026-09-17T01:10:00Z
Duration: 1 min 18 s
Description: President Trump said the Fed interest rate increase is 'a raise against Trump.' The Federal Reserve voted unanimously to hike rates for the first time in three years.

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Kevin Rudd, former prime minister of Australia and Global President and CEO of Asia Society, breaks down China's hidden economic struggles and status of its military. This interview was filmed on Sept. 24, 2026 at Journal House during the United Nations General Assembly.

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When the market dips, David Booth, founder of Dimensional Fund Advisors, doesn't panic. Here's why.

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President Trump said the Fed interest rate increase is 'a raise against Trump.' The Federal Reserve voted unanimously to hike rates for the first time in three years. Photo: Alex Brandon/Associated Press

https://m.wsj.net/video/20260917/834f37c9-af72-441a-b54e-cbe203ed7e8f/1/hls/manifest-hd-wifi.m3u8

President Trump said the Fed interest rate increase is 'a raise against Trump.' The Federal Reserve voted unanimously to hike rates for the first time in three years.

Trump: Fed Board Hiked Interest Rates ‘for Political Reasons’

I talked to Kevin and I said, "You might as well vote with the board, 'cause it's not going to matter." The board is very hostile, they're very political, they're doing the wrong thing, there are a bunch of politicians, or people put on by politicians, and it's a shame, because it's too high an interest rate. Despite that, the country barrels through everything, 'cause we're doing so well, but the interest rates are too high. We should be paying the lowest interest rate anywhere in the world, 'cause we have the strongest credit. If we wanted to get rid of deficits, which we could do with a swipe of a pen with every country, we'd make a trillion and a half dollars a year. We'd pay off our debt, we'd do all sorts of things, but we haven't chosen to do that, but at some point, we will. I didn't convince him at all. I said, "Do what you want." I said, "Do what you want," 'cause it doesn't matter, 'cause he doesn't have the votes. No matter how good a job, he's a good man, Kevin Warsh, but no matter how good a job, he's got a hostile board. They're raising the rates to, they're raising the rates to make Trump do as bad as they can possibly do. The problem they have is that we have the greatest economy in history. We have over $21 trillion being invested in this country, which is five times more than we've ever had before. So they're raising that only for political reasons, and that's a raise against Trump.