# Trump criticizes Federal Reserve for rate hikes, breaking with tradition

> Trump publicly criticized the Federal Reserve's two rate hikes this year and Chairman Jerome Powell, prompting a brief dollar stumble and a Dow drop of over 100 points. The White House said Trump respects Fed independence.

- Date: 2018-07-19 · published 2018-07-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/64223-trump-criticizes-federal-reserve-for-rate-hikes-breaking-with-tradition
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Political pressure on the Fed raises questions about future rate paths, which affect the dollar and energy-wide financing costs that feed the broader commodity complex.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |
| DXY | 2019-06-20 | [Federal Reserve's quick pivot to easier policy started with a Trump tweet on trade](https://feedsoft.ai/events/58510-federal-reserve-s-quick-pivot-to-easier-policy-started-with-a-trump-tweet-on.md) | -1.1% | -0.8% |
| DXY | 2019-06-02 | [The Australian dollar is grinding higher as expectations for rate cuts from the US Federal Reserve build](https://feedsoft.ai/events/58849-the-australian-dollar-is-grinding-higher-as-expectations-for-rate-cuts-from-the.md) | -0.8% | -1.8% |
| DXY | 2023-02-01 | [Federal Reserve raises key interest rate 0.25%, signals more hikes likely](https://feedsoft.ai/events/37236-federal-reserve-raises-key-interest-rate-0-25-signals-more-hikes-likely.md) | +1.1% | +1.4% |
| DXY | 2023-12-13 | [With rate hikes likely done, Fed turns to timing of cuts \| Reuters](https://feedsoft.ai/events/32902-with-rate-hikes-likely-done-fed-turns-to-timing-of-cuts-reuters.md) | -1.0% | -0.7% |

## Sources

- nbcnews.com: https://www.nbcnews.com/business/economy/trump-slams-federal-reserve-rate-hikes-breaking-tradition-n892831

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.