Trump attacks Federal Reserve again, wants interest rate cut

WASHINGTON, DC - JUNE 19: U.S. President Donald Trump attends a ceremony where he presented the Presidential Medal of Freedom to economist Arthur Laffer on June 19, 2019 in Washington, DC. (Photo by Win McNamee/Getty Images)

WASHINGTON (AP) — President Donald Trump is continuing efforts to pressure the U.S. central bank system, saying the stock markets and economic growth would be much higher if not for its actions.

Trump says the Federal Reserve “doesn’t know what it’s doing” and raised interest rates too quickly.

The Republican president tweeted Monday “think of what it could have been if the Fed had gotten it right.”

Trump is encouraging the Federal Reserve to cut interest rates, saying “now they stick, like a stubborn child, when we need rates cuts, & easing, to make up for what other countries are doing against us. Blew it!”

The Fed at its last meeting kept its benchmark rate in a range of 2.25% to 2.5% but hinted at future cuts. The rate influences many consumer and business loans.

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2 comments

  • lml25

    Associated Press is as anti-Trump as CNN and NBC or CBS.Look at the wording:
    ” Trump ATTACKS”,instead of “Trump QUESTIONS”.The words used by AP are never objective.
    “Trump administration in CHAOS,DISARRAY”,instead of “Trump administration has differing viewpoints”(like when they reported on Obama).
    “Trump BELLOWS”,”Trump has a TEMPER TANTRUM.”
    Actually what’s going on is AP is ATTACKING Trump and having a daily LIE-FEST to try to persuade voters that Trump needs to be voted out.Pure PROPAGANDA.

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