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Home / Business / Trump slams Fed into new attack, saying central bank can't & # 39; mentally & # 39; follow

Trump slams Fed into new attack, saying central bank can't & # 39; mentally & # 39; follow




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                " Our Federal Reserve cannot & # 39; mentally & # 39; keep up with the competition – other countries. On G-7 in France, all the other leaders were dizzy with how low their interest rates have been, "tweeted the president. | Scott Olson / Getty Images </p>
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<p>  President Donald Trump leveled a new attack on the Federal Reserve on Wednesday, accusing the central bank of being "mentally" unfit to promote a competitive edge for the United States in the global economy. </p>
<p>  "Our Federal Reserve cannot & # 39; mentally & # 39; keep up with the competition – other countries. At G-7 in France, all the other leaders were dizzy over how low their interest costs have gone, "Trump tweeted <a href= ." Germany "actually gets paid" to borrow money – ZERO INTEREST PLUS! No idea Bold! "

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Trump also buzzed on Tuesday afternoon, tweeted that the Fed" dares to look at our manufacturers struggling with their exports in favor of other parts of the world. "

He continued:" Has anyone looked at what almost every other country does to take advantage of the good old United States? Our Fed has called it wrong for a long time! "

The president has intensified his criticism of the Fed in recent days, urging it to aggressively squeeze interest rates as economic indicators point to a possible downturn and as the administration's trade dispute with China continues to escalate.

The steady breadth of the White House reached a new peak on Friday as Trump tweeted on Twitter whether Jerome Powell, his handpicked Fed leader, or Xi Jinping, the Communist leader of China, is the "major enemy" of the United States. after Powell did not explicitly pledge interest rate cuts.

It is unclear whether Trump's government colleagues at the weekend's G-7 summit in Biarritz, France, were really "dizzy" against the US president about their interest costs.

Trump Sunday tweeted about another dubious sentiment allegedly expressed by world leaders at the annual convocation, and wrote online that "the question I was asked most today … happens," Mr. President, why do American media hate your country so much? Why are they rooting for it to fail? & # 39; ”


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