Trump just attacked the Fed again an ugly economic lesson from the Nixon administration shows why his criticism is so worrying

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President Donald Trump has publicly criticized the Federal Reserve's current path of interest-rate hikes for the third time in a month.

The criticism revived concerns about the US Federal Reserve's political independence.

Presidents have pressured the Fed before, most notably Richard Nixon.

Nixon convinced then-Fed Chairman Arthur Burns to keep interest rates low, leading to nearly a decade of economic problems.

US President Donald Trump once again broke with White House convention on Tuesday, criticising the policies of the Federal Reserve and its chair, Jerome Powell.

In an interview with Reuters, Trump said he was "not thrilled" by Fed chairman Jerome Powell's decision to raise interest rates and would continue to criticize the Fed if interest rate hikes continued. It followed reports earlier in the day that Trump had criticised Powell at a private GOP fundraiser.See the rest of the story at Business InsiderNOW WATCH: The CEO of one of the largest health insurers in the US explains the problem with healthcare in AmericaSee Also:The dollar is falling after Trump slammed the Fed againA Harvard professor just busted the myth that coconut oil is good for you, calling it 'pure poison'The 50 best-selling albums of all timeSEE ALSO: Trump doubles down on claims that China and the EU are currency manipulators and warns: 'I'll still win'

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