US President Donald Trump said that Federal Reserve Chairman Kevin Walsh should have voted against interest rate hikes last month, but he did not blame Walsh for the final decision made by the Federal Reserve. In an interview with “Time” published on Thursday, Trump said, “I don't blame Kevin Walsh. If I were him, I would probably vote against the Board's decision.” Trump has long urged the Federal Reserve to reduce borrowing costs, but the Fed ignored his pressure last month and voted unanimously to raise interest rates by 25 basis points, and is expected to raise interest rates again later this year, with the aim of curbing inflation. Trump has previously harshly criticized Walsh's predecessor Jerome Powell, accusing him of not being more aggressive in cutting interest rates. However, Trump insisted that he still trusts the chairman of the Federal Reserve he personally chose, and blamed the Federal Reserve Board, which he saw as politically motivated. “It has become very politicized,” Trump said in an interview. Kevin, I don't blame you. I think this is terrible and unfair.” He also said, “We are facing a very hostile council, and people on the council will say, 'We want to hurt Trump. ' They're not doing this against you. They're doing this because they have 'Trump insanity syndrome'.”

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