President Trump has lobbed grenades at the Federal Reserve every chance he gets, calling the central bank to be "too tight" and hurt the economy.
The President has repeatedly accused the Fed of slowing US economic growth by hikeing interest rates too fast and implementing, among other things, quantitative tightening. This is because central banks around the world are cutting rates, making it more difficult for the United States to compete when global currencies fall.
"The economy is doing GREAT, with tremendous upside potential!" Trump tweeted Thursday. "If the Fed wanted to do what they were supposed to do, we're a rocket up!"
The president's attack on the central bank comes as candidates prepare for the 2020 elections. Historically, a healthy economy could pave the way for a victory in the White House.
"The economy, stupid."
Remember the words of Clinton campaign strategist James Carville in 1
President Bill Clinton's 1992 election victory against George HW Bush was the last time a US president lost a reelection. It was also the last time an election occurred within 24 months of a US recession.
Ryan Detrick of LPL Financial shattered the numbers and found that since the First World War, the incumbent US President has been a perfect 11 for 11 if the economy was not in a recession within 24 months of an election.
The presidents who oversaw a recession before an election lost five of seven campaigns, he said.