Market Extra: Trump rips Fed rate hikes, but investors expect Powell to stay the course

A modest knee-jerk reaction aside, investors appear confident President Donald Trump’s criticism of Federal Reserve rate increases won’t alter the central bank’s policy path. But it is possible that Fed Chairman Jerome Powell’s job just got a lot harder.

“It’s not that I don’t take it seriously, but I think there may be more bluster than an actual intention to more meaningfully change policy,” said Lara Rhame, chief U.S. economist at FS Investments, in an interview.

In a CNBC interview, Trump on Thursday said he wasn’t “thrilled” by the Fed’s rate increases but that he was “letting them do what they feel is best.

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