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Home / Business / Trump slams Fed and calls Chair Powell "Golfer who can not putt"

Trump slams Fed and calls Chair Powell "Golfer who can not putt"



President Trump again targeted the Federal Reserve and Chairman Jerome Powell on Wednesday before the Central Bank's minutes of their last meeting were published.

"He is like a golfer who can not putt, has no touch." Trump wrote in a tweet, "Big growth in the US, if he does the right thing, BIG CUT – but do not count on him! So far he has called it wrong and just let us down."

Trump said that Interest rates are too high and there is great potential for growth for the US economy.

far lower interest rate, and we should be lower than them, "he tweeted. Yesterday "the highest dollar in US history". No inflation. Awaken the Federal Reserve. Such growth potential, almost like never before!

Late Wednesday Trump pointed out that Germany, which has a lower credit rating than the US, is paid to borrow money while the US pays interest.

The Fed will release the minutes of its July meeting on Wednesday at 2:00 pm CET During the meeting, the central bank cut interest rates by a quarter of a point, marking the first rate cut since the financial crisis. called for large cutbacks "and later expressed disappointment over the US Federal Reserve's decision.

The Fed was not Trump's goal was on Wednesday.

The President also targeted "LameStream Media", "doing everything in their power to cause a US recession." For the first time since 2007, there were concerns that a recession is looming in the US. The fears of recession come from the slowdown of the US economy, albeit solid growth. US gross domestic product grew by 2.1

percent in the second quarter after 3.1 percent in the previous quarter.


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