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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump says Fed 'blew it'
U.S. President Donald Trump again criticized the Federal Reserve on Monday for not cutting interest rates, keeping up his pressure on the central bank to change its policies.
"Despite a Federal Reserve that doesnt know what it is doing - raised rates far to fast (very low inflation, other parts of world slowing, lowering & easing) & did large scale tightening, $50 Billion/month, we are on course to have one of the best Months of June in U.S. history," he wrote on Twitter.
"Think of what it could have been if the Fed had gotten it right. Thousands of points higher on the Dow, and GDP in the 4s or even 5s. Now they stick, like a stubborn child, when we need rates cuts, & easing, to make up for what other countries are doing against us. Blew it!"
The U.S. president has repeatedly accused the Federal Reserve led by Chairman Jerome Powell of undermining his administrations efforts to boost economic growth and has repeatedly demanded that rates be cut.
https://www.msn.com/en-us/money/markets/trump-says-fed-blew-it/ar-AADlAZX
A guy with multiple bankruptcies has no credibility when it comes to monetary policy.
TreasonousBastard
(43,049 posts)if the electorate didn't blow it a few years ago.
Initech
(100,104 posts)And this is the battle he chooses to fight? God damn him!
Nitram
(22,890 posts)Real estate speculators love low interest rates. That's all there is to it.
John Fante
(3,479 posts)(in 2006) was a good idea. Thanks for the advice Gump, but no thanks.
spanone
(135,882 posts)Renew Deal
(81,875 posts)You're welcome
Doodley
(9,130 posts)Wellstone ruled
(34,661 posts)he is having issues with a couple of Banks holding his bad paper. And he may be only paying Interest on his Crappy Loans. Someone posted a Calculation as to how a few Basis Points increase hit Ponzi Don for millions.
Usually we say,House of Cards. In this case,House of Lard.