Steve Forbes says the Fed's stubborn rate hikes are trashing the US economy

• The Federal Reserve is trashing the economy with its aggressive rate hikes, according to Steve Forbes. 
• "They're pursuing policies that will make the economy worse," the CEO of Forbes told Fox Business. 
• Forbes also slated Treasury Secretary Janet Yellen for flip-flopping on guaranteeing all US bank deposits. 

The Federal Reserve's stubborn rate hikes are trashing the economy, according to Steve Forbes. 

"The Federal Reserve continues its policy, trying to trash the economy. They're pursuing policies that will make the economy worse," the editor-in-chief of Forbes Magazine told Fox Business on Thursday.