Trump says he's "not thrilled" with the Fed's rate hikes

“I’m not thrilled” about the Fed’s recent interest rate increases, Trump said in an excerpt of an interview with CNBC.

“I’m not happy about it, but at the same time, I’m letting them do what they feel is best,” he added.

The Fed has raised its target interest rate twice this year, and is expected to raise rates this fall and winter. It’s justified slowly raising rates on the basis of keeping inflation in check.