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Trump slammed the Fed over the interest rate: & # 39; has no idea! & # 39;



President Donald Trump aimed at the US Federal Reserve on Twitter late Friday, hours after banking banking.

Trump seemed to be partly referring to a report by the Ministry of Labor that said the US economy added 224,000 jobs in June, which Trump claimed should urge the federal body to cut interest rates.

"Strong job report, low inflation and other countries around the world make every effort to take advantage of the United States and know that our Federal Reserve has no clue!" Trump wrote. "They traveled too fast, too often, and tightened, while others did the opposite."

Trump continued to point to the country's state "the day after the big election, when the market shot up," and said "it could have been even better ̵

1; massive extra fortune would have been created and used very well."

He added, "Our most difficult problem is not our competitors, it's the Federal Reserve!"

Tweetet was a double down from Trump on comments he made earlier that day at the White House.

"We don't have a Fed that knows what they're doing, so it's one of the little things," Trump told reporters in the White House on Friday. If interest rates were cut, Trump insisted that the United States would be like a rocket ship. "

Read more : Trump Attack Fed Again, Saying They Don't Know What They Are Doing And Calling For Price Reductions

This is Trump's latest call to lower interest rates by the Fed. He has previously pointed out former president Barack Obama's administration as the ideal country of interest.

"He paid close to zero interest rates," said Trump about Obama again Friday. "I really pay interest."

Carmen Reinicke contributed reporting.


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