The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
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Trump made his feelings clear again Tuesday, a day before the Fed is expected to raise its key interest rate for the fourth time this year.Throughout Trump's term, the economy has been strong.Fond of citing job statistics and market reports, Trump has appeared highly attuned to the shift. First, Trump declared himself a "Tariff Man," promising to inflict as much economic pain as possible -- a move that horrified investors. Arguing that the rate hikes hamper economic growth, Trump has openly questioned Powell's leadership.No longer tweeting much about the stock market, Trump has criticized Powell privately as well and has told confidants that he understands that a recession would be perilous for a president who once mused about the Dow hitting 30,000 .Democrats considering challenging Trump in 2020 have begun putting forward their own economic plans. But a senior White House official said Trump remains confident in the economy, citing low unemployment numbers, GDP growth and growth in manufacturing jobs, among other indicators.Trump is right to worry about how an economic slowdown could affect his presidency.The last two presidents who failed to be re-elected, Jimmy Carter and George H.W. Bush, were primarily done in by faltering economies, presidential historian Douglas Brinkley said.
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