Trump pushed back when asked about economists’ warnings that the Federal Reserve may have to raise rates following the most recent U.S. jobs report.

Trump pushed back when asked about economists’ warnings that the Federal Reserve may have to raise rates following the most recent U.S. jobs report.

“I’m living with Kevin. I have a lot of respect for him, but my feeling is that when a country is doing well, they shouldn’t be penalized by immediately raising interest rates.”

President Trump said in an interview broadcast on Sunday that there is "no reason" for the Federal Reserve to raise interest rates.

Trump says the Fed should not raise interest rates after May's 172,000 jobs beat. Markets sold off on rate hike fears ahead of the June FOMC meeting.