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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.

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 abandoned us."

Trump said 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 being paid to borrow money while the US is paying interest. During the meeting, the central bank cut interest rates by a quarter of a point In the run up to the meeting, Trump had called for a "big cut" and later expressed his 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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