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Home / Business / Trump blames Powell's Fed for the economy's lack of hit 4 percent growth

Trump blames Powell's Fed for the economy's lack of hit 4 percent growth




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                  Trump's attacks signal he is not planning to give up the Fed despite his announcement on Wednesday that it does not expect to raise prices Drew Angerer / Getty Images </p>
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<p>  President Donald Trump on Thursday launched a new embroidery site against the Federal Reserve under chairman Jerome Powell, owed to the central bank that the economy did not exceed 4 percent economic growth last year. [19659004] Trump's attacks signal he has no plans about giving up the Fed despite its announcement on Wednesday that it does not expect to raise interest rates throughout the year, given dumped inflation and slowing global growth, the central bank also said that later this year it will cease to shrink its multi-million dollar bond holdings, a process called " quantitative tightening "which can make it more difficult for borrowers to acquire credit. </p>
<p class= The story goes on under

" The value goes slow but we are slowing down ke, and frankly if we had no one to increase interest rates and make quantitative tightening, we would have been over 4 [percent] instead of 3.1 [percent] "Trump Fox Business told an interview to air full Friday morning.

The economy grew faster last year thanks to tax cuts and increased public spending, but it has not grown by 4 percent annual interest rates since 2000.

Fed officials are calling for the economy to grow by 2.1 percent this year, suggesting that some of the fiscal stimulus increase in 2018 may begin to bear off – the central bank's decision to keep [19659006] The president said he did not know if his repeated criticism of the Fed had played a role in his decision to stop the tariff campaign.

"I hope I didn't influence, honestly, but it doesn't matter," he says. "I don't care if I have influenced or not. One thing: I was right. "

Powell has repeatedly insisted that Trump's criticism has not played a role in the central bank's decision-making processes, and underlines the importance of Fed's independence from short-term political considerations.

Finally, Fed and Trump have fundamentally different views on the economy. goal is to achieve a sustained growth of 3 percent, the central bank does not believe that the economy is productive enough to maintain this pace without incurring inflation. raising prices


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