July 6 (UPI) -- President Donald Trump criticized the Federal Reserve Saturday for raising interest rates, saying the U.S. economy would be "like a rocket ship" if we didn't have to pay unnecessary interest.
The Federal Reserve raised interest rates four times in 2018, the latest being Dec. 20 when it was raised between 2.24 percent and 2.5 percent. The Fed has kept interest rates steady so far in 2019. The Federal Reserve's next policy meeting is set for July 30 and the decisions made there could determine the health of the economy, which is critical to Trump's reelection bid.