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.
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!”
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