Trump leveled a new attack against the Federal Reserve, charging that the central bank is “mentally” unfit to foster a competitive edge for the United States in the global economy
President Donald Trump on Wednesday leveled a new attack against the Federal Reserve, charging that the central bank is “mentally” unfit to foster a competitive edge for the United States in the global economy.
“Our Federal Reserve cannot ‘mentally’ keep up with the competition - other countries. At the G-7 in France, all of the other Leaders were giddy about how low their Interest Costs have gone,” TrumpStory Continued Belowthat the Fed “loves watching our manufacturers struggle with their exports to the benefit of other parts of the world.”
He continued: “Has anyone looked at what almost all other countries are doing to take advantage of the good old USA? Our Fed has been calling it wrong for too long!” The president has intensified his criticism of the Fed in recent days, urging it to aggressively slash interest rates as economic indicators point toward a possible recession and as the administration’s trade conflict with China continues to escalate.
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