Even Trump Criticizing the Fed Didn’t Help Gold
In an interview with CNBC on July 19, President Trump said that he wasn’t “thrilled” about the Fed raising the rates. He said, “Because we go up and every time you go up they want to raise rates again. I don’t really — I am not happy about it. But at the same time I’m letting them do what they feel is best.” Usually, presidents don’t interfere or comment on the Fed’s decisions. The market knows President Trump’s views on interest rates.