Trump Again Attacks Fed Over Interest Rates: 'They Don't Have A Clue'
- 5 years ago
President Trump again complained about the interest rates on Tuesday.
President Trump on Tuesday attacked the Federal Reserve.
Reacting to a Bloomberg story about the booming tourism in Europe, Trump tweeted: "This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don't have a clue!"
Trump has repeatedly gone after the Federal Reserve in the past months.
"If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!" Trump tweeted in April.
And in another tweet about a week prior, Trump wrote: "Despite the unnecessary and destructive actions taken by the Fed, the Economy is looking very strong, the China and USMCA deals are moving along nicely, there is little or no Inflation, and USA optimism is very high!"
President Trump on Tuesday attacked the Federal Reserve.
Reacting to a Bloomberg story about the booming tourism in Europe, Trump tweeted: "This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don't have a clue!"
Trump has repeatedly gone after the Federal Reserve in the past months.
"If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!" Trump tweeted in April.
And in another tweet about a week prior, Trump wrote: "Despite the unnecessary and destructive actions taken by the Fed, the Economy is looking very strong, the China and USMCA deals are moving along nicely, there is little or no Inflation, and USA optimism is very high!"