Thursday, President Trump continued hammering the Fed for not cutting rates, which he claims has held back the economy, despite the Fed shaving 1/4pt from the fed funds rate in July.
Chairman Powell is in the grinder.
“The Economy is doing GREAT, with tremendous upside potential! If the Fed would do what they should, we are a Rocket upward!” President Trump Tweeted Thursday morning.
Wednesday, President Trump claimed that “Our Federal Reserve cannot ‘mentally’ keep up with the competition – other countries,” in a Tweet.
“At the G-7 in France, all of the other Leaders were giddy about how low their Interest Costs have gone,” he added. “Germany is actually ‘getting paid’ to borrow money – ZERO INTEREST PLUS! No Clue Fed!”