Federal Reserve like stubborn child for not cutting rates: Trump
- 5 years ago
U.S. President Donald Trump has again criticized the Federal Reserve for not cutting interest rates.
He tweeted Monday that the Fed is acting like a stubborn child for not reversing course.
Trump said the U.S. economy is on course to have one of the best months of June, adding that, if the Fed had not raised rates far so fast last year, the U.S. economy would've been even better off.
The Fed voted last week to keep its key rates unchanged at two-point-25 to two-point-five percent, where they've been since a hike in December.
Trump has repeatedly accused the Fed of undermining his administration's efforts to boost economic growth and constantly pressured the U.S. central bank to cut rates.
He tweeted Monday that the Fed is acting like a stubborn child for not reversing course.
Trump said the U.S. economy is on course to have one of the best months of June, adding that, if the Fed had not raised rates far so fast last year, the U.S. economy would've been even better off.
The Fed voted last week to keep its key rates unchanged at two-point-25 to two-point-five percent, where they've been since a hike in December.
Trump has repeatedly accused the Fed of undermining his administration's efforts to boost economic growth and constantly pressured the U.S. central bank to cut rates.