Trump calls on Fed to reverse interest rate hikes

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From Reuters
Friday, March 29, 2019

U.S. President Donald Trump said on Friday that the Federal Reserve made a mistake by raising interest rates and blamed the central bank for hurting the U.S. economy and stock market.

"Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0 percent GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!," Trump tweeted.

The remarks were part of a new attack the White House has launched against the independent central bank in their unusual public split. The Fed's Board of Governors did not immediately comment. ...

... For the remainder of the report:

https://www.reuters.com/article/us-usa-fed-trump/white-house-calls-for-f...



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