United States President Donald Trump on Friday accused the U.S. Federal Reserve Bank of inaction as the Euro slid in value against the dollar, something he said gave European countries a big trade advantage.
The Euro is dropping against the Dollar 'like crazy,' giving them a big export and manufacturing advantage...and the Fed does NOTHING! Trump said in a Twitter post.
They don't have a clue! said Trump, a frequent critic of Fed policies.
Trump has repeatedly decried the relative loftiness of U.S. borrowing costs compared to rates in nations that compete with the United States in global markets, often citing negative rates in Germany.
Asked by a reporter on Friday if he would want to see negative rates in the United States, Trump said: No. I just think the Fed is making a big mistake, because if you look at what the other Fed equivalents are doing right around the world, they're at a much lower rate... It makes it much harder to compete.
The Fed is hurting me.
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He keeps attacking the Fed so that when he crashes the economy (which he is trying to do at the behest of his boss, ex KGB thug, Vlad Putin,) he can blame Jerome Powell, just before the next election...Sep 07th, 2019 - 06:06 am 0