Again Friday, President Trump hammered the Fed in 3 Tweets; declaring in 1 that the US economy does not “have a tariff problem, we have a Fed problem.”
“The Euro is dropping against the dollar ‘like crazy,’ giving them a big export and manufacturing advantage … and the Fed does NOTHING!” President Trump said in 1 post. “Our dollar is now the strongest in history.
“Sounds good, doesn’t it?” he posed. “Except to those (manufacturers) that make products for sale outside the US.”
The President stated in his 2nd Tweet: “We don’t have a tariff problem (we are reigning in bad and/or unfair players), we have a Fed problem. They don’t have a clue!”
Then President Trump then called for the Fed to further lower interest rates in his last Tweet: “If the Fed would cut, we would have one of the biggest stock market increases in a long time.
“Badly run and weak companies are smartly blaming these small tariffs instead of themselves for bad management,” he continued, “and who can really blame them for doing that? Excuses!“
President Trump has continually hammered the Fed and Chairman Powell for not cutting interest rates further, asserting that monetary policy not his tariff dispute with China is hurting the economy.
Making and Keeping America Great!
Have a terrific holiday weekend.