Trump says 'hostile' Fed board raised rates for 'political reasons'

US President Donald Trump on Wednesday accused the "hostile" Federal Reserve board of forcing his handpicked chairman to raise interest rates for political reasons

"He's a good man, Kevin Warsh, but no matter how good a job, he's got a hostile board," Trump told reporters.

"They're raising the rates to make Trump do as bad as they can possibly do... So they're raising that only for political reasons, and that's a raise against Trump."