Millions depend on access to small loans. This plan would leave borrowers at the mercy of loan sharks.
Christianity, Judaism and Islam have all condemned usury, the practice of lending with excessive interest.
"I'm doing deals, and I'm not being accommodated by the Fed," Trump said in an interview with The Washington Post on Tuesday. "They're making a mistake because I have a gut, and my gut tells me more sometimes than anybody else's brain can ever tell me."
At some point the business cycle needs to turn, since we've enjoyed such a prolonged recovery.
Powell is popular within the Federal Reserve system, where he's been a governor since 2012.
Savers, travelers, foreign governments and more are helped by the quarter-point increase.
Federal Reserve chair says an adjustment will 'likely be appropriate' after evaluating employment and inflation data.
The comments reinforced the view that the Fed could step up the pace of its rate hiking campaign if the incoming Trump administration unleashed a fiscal stimulus.
Acceleration in economic growth could persuade the Federal Reserve to raise interest rates again as early as June.
Even projections for future rate hikes have coalesced.
The move was expected and signals a recovery in the economy since the 2008 financial crisis.
A moderately growing U.S. economy can't sustain growth abroad on its own for long.
The U.S. central bank said an array of global risks and other factors had convinced it to delay the hike.
After months of speculation, federal policymakers could raise interest rates on Thursday.