Jay Talking- Trump's Fed comments rattle markets

(Bloomberg) President Donald Trump criticized the interest-rate polices of the Federal Reserve under Chair Jerome Powell, saying “I don’t like all of this work that we’re putting into the economy and then I see rates going up," in an interview with CNBC broadcast yesterday. The president’s comments, which break with a two-decade tradition of the White House respecting the central bank’s independence, may make the Federal Open Market Committee more inclined to raise rates to signal that independence. The dollar fell immediately after the comments were released, with the Bloomberg Dollar Spot Index trading 0.5 percent below yesterday’s high this morning.