Investing.com – U.S. President Donald Trump sent yet another shot across the Federal Reserve’s bow on Wednesday, calling the U.S. central bank to make the right move to support the economy and make a “big cut” to interest rates.
Trump tweeted that he was “doing great” with China and other trade deals.
“The only problem we have is Jay Powell and the Fed,” he said. “Big U.S. growth if he does the right thing: Big cut, but don’t count on him!”
Trump added that the Fed has got policy wrong and that the problem was that many competing countries have a far lower interest rate than the U.S.
He urged the Fed to cut rates because of the “highest dollar in U.S. history” and said there was “no inflation”.
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