The US Federal Reserve should continue resisting Trump's pressure

US President Donald Trump has said he was "not thrilled" with the Federal Reserve - led by his own appointee, Jerome Powell - raising interest rates and suggested that the US central bank should do more to help him to boost the economy.

Against a backdrop of continuing American economic recovery and a bullish stock market, it was not surprising that Fed chair Mr Powell, who took the helm at the central bank in February, has already raised interest rates twice and served notice that more rate hikes would come soon. "I'm not thrilled with his raising of interest rates" while other governments' central banks were keeping the value of their currencies low, President Trump said, suggesting that a weaker US dollar would have made exports cheaper and imports more expensive.

"We're negotiating very powerfully and strongly with other nations," he explained. "We're going to win. But during this period of time I should be given some help by the Fed."