Trump Lashes Out At Federal Reserve: America's 'Most Difficult Problem'
- 5 years ago
President Trump again slammed the Fed.
President Trump on Friday attacked the Federal Reserve.
"Strong jobs report, low inflation, and other countries around the world doing anything possible to take advantage of the United States, knowing that our Federal Reserve doesn't have a clue!" Trump wrote on Twitter.
"They raised rates too soon, too often, & tightened, while others did just the opposite," Trump continued. "As well as we are doing from the day after the great Election, when the Market shot right up, it could have been even better - massive additional wealth would have been created, & used very well. Our most difficult problem is not our competitors, it is the Federal Reserve!"
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 Friday attacked the Federal Reserve.
"Strong jobs report, low inflation, and other countries around the world doing anything possible to take advantage of the United States, knowing that our Federal Reserve doesn't have a clue!" Trump wrote on Twitter.
"They raised rates too soon, too often, & tightened, while others did just the opposite," Trump continued. "As well as we are doing from the day after the great Election, when the Market shot right up, it could have been even better - massive additional wealth would have been created, & used very well. Our most difficult problem is not our competitors, it is the Federal Reserve!"
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!"