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President Donald Trump said he hoped the Federal Reserve would stop raising interest rates, an unusual White House censure of the central bank that departed from a convention in which presidents have refrained from speaking specifically on monetary policy.

“I am not happy about it,” Mr. Trump said about interest-rate increases, in an interview Thursday with CNBC.

 

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The Fed zealously guards its ability to make monetary policy decisions free from short-term political pressures, a key feature of its structure. Chairman Jerome Powell, a Trump appointee, has repeatedly emphasized the importance of the central bank’s independence.

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