President of the United States Donald Trump claimed that the only problem of the U.S. economy is the Federal Reserve System, which increased the key rate four times during this year against the background of the low unemployment and strong economic growth.
‘They don’t have a feel for the Market, they don’t understand the necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders,’ the President said.
‘The Fed is like a powerful golfer who can’t score because he has no touch - he can’t put!’ Trump added.
The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!
Donald Trump has also discussed the possibility of dismissal of the Fed Chairman Jerome Powell after the recent decision to raise the rates.
Following the meeting of December 18-19, the Federal Reserve decided to raise the interest rate on federal loan funds by 25 basic points – up to 2.25-2.50% per annum.
