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Trump tears the Fed for "erroneous" interest rate hikes



President Trump Donald John TrumpChinese, US negotiator, detailed work on details of the trade agreement: Report: Iran wants to bring America out of Iraq; Florida bar opposes no-hat policy after MAGA Hat carrier MORE hammered the Federal Reserve on "erroneously" rate hikes on Friday, arguing that national and international markets would be stronger if this would not be the case.

If the Fed had not mistakenly raised interest rates, especially as inflation is very low, and if they had not made the ridiculously fixed quantitative tightening, GDP and stock markets would both have been much higher, at 3.0% World markets would be in a better place! "Trump tweeted.

The tweet represented Trump's latest salvo against the US Federal Reserve The President repeatedly hammered against the central bank to raise interest rates, resulting in 2018 four times the case was.

"No, I think the Fed is making a mistake. They're so tight, "Trump said in October over a series of planned interest rate hikes. "I think the Fed has gone crazy. So you can say, "That's a lot of security." And it's a lot of security and gives you a lot of margin. But I think the Fed has gone crazy. "

" If we had not raised someone who raises interest rates and makes a quantitative tightening, we would have been over 4 [percent] instead of 3.1 [percent] in terms of economic growth, "Trump told Fox Business in an interview that aired last week. "The world is slowing down, but we are not slowing down."

In a sign, government officials feel pressure from the Oval Office to comply with Trump's demands, and White House economic adviser Larry Kudlow urged the Fed to "cut back on interest" rated 50 basis points.

"I agree with the President's view – he was not shy about this view – he also wants the Fed to cut its balance sheet. And I agree with that view, "Kudlow told CNBC on Friday.

" Looking at some indicators – I mean, the economy is basically pretty healthy, we do not want that threat, "he added no inflation out there, so I think the Fed's measures were probably overdone. "

US Federal Reserve Chairman Jerome Powell said last week that the bank would not raise interest rates for the second month in a row and lowered the outlook for interest rate hikes to zero for the year, citing the Fed's "positive" outlook for the US economy.

Fed interest rates are currently at 2.25 to 2.5 percent, a base reduction of 50 percent Points could push rates below 2 percent.


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