Trump criticizes the fed
The President of the United States are dissatisfied with the rate hike
The US President Donald trump said that the Federal reserve made the mistake of raising interest rates, and accused the fed of causing harm to the U.S. economy and stock market.
“If the fed erroneously made the mistake of raising interest rates, especially given that inflation was very low, the GDP would have grown by three percent, stock market quotes would have been much higher, and world markets would be in the best condition!”, – trump wrote on Twitter.
The Board of governors has not commented on the President’s words.
The previous US administration refrained from comments of fed policy, but President trump repeatedly has been critical of the actions of the Federal reserve.
News service “voice of America”