Donald Trump: “The Federal Reserve Doesn’t Know What It Is Doing”

Official portrait of President Donald J. Trump, Friday, October 6, 2017. (Official White House photo by Shealah Craighead) Official portrait of President Donald J. Trump, Friday, October 6, 2017. (Official White House photo by Shealah Craighead)

Donald Trump, the American president, is not a fan of the policy the American central bank is running under Jerome Powell.

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Another proof of this arose when he repeated his wish that the Federal Reserve should lower the interest rate to give the economy a ‘vitamin injection’.

“If we had a Fed that would lower the interest rate, we would be like a rocket ship” – Donald Trump

Donald Trump has previously criticized the central bank for its rate hikes and furthermore stated that the central bank “doesn’t know it is doing”.

The Federal Reserve has, however, showed signs of future possible rate cuts after a period of a weakened economy. Investors believe that rate cuts will be on the agenda of the next meeting at the Federal Reserve. 

Time will show.

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