Donald Trump AGAIN demands Federal Reserve interest rate cuts and defends his trade war as the clock ticks for his next set of rates that will take effect in China on Sunday
- President Trump destroyed the Federal Reserve again on Friday
- The attacks came two days before a deadline when Trump said that new rates for China will come into effect
- He said that if the Fed would lower rates & # 39; we would have one of the largest stock market increases in a long time & # 39;
- He complained about a weakening of the euro against the dollar
- He said the nation did not have a & # 39; rate problem & # 39; has a & # 39; Fed problem & # 39 ;, adding: & # 39; They have no idea! & # 39;
President Donald Trump went after the Federal Reserve again on Friday and pushed for further interest rate cuts to capture the stock market – and said the central bank has no idea!
The attacks, which have become known in recent months, come just a few days before a deadline for the new Trump rates for China to take effect.
The Fed has cited that trade conflicts contribute to the uncertainty in the financial markets.
& # 39; We do not have a tariff problem (we rule in bad and / or unfair players), we have a Fed problem. They have no idea! & # 39; Trump smoked Friday in a series of tweets.
President Donald Trump went after the Federal Reserve again on Friday and said: & # 39; They have no idea! & # 39;
Trump blamed the fed for not acting in a way that would improve the results of companies that are part of the US stock markets.
& # 39; If the Fed cut back, we would have one of the largest stock market increases in a long time & # 39 ;, Trump said.
He claimed that companies blamed the trade war and rates for problems they had themselves caused – after 161 business executives gave him one letter Against the rates on Thursday, amid concerns that the trade war could cause a global recession.
Trump has repeatedly followed Fed Chairman Jerome Powell
New rates that affect Chinese exports will take effect on Sunday
& # 39; If the Fed cut back, we would have one of the largest stock market increases in a long time & # 39 ;, Trump said
Trump resumed his attack on the Fed on Friday
The president said there was a & # 39; Fed issue & # 39; used to be
He said further interest rate cuts would hit the stock market
& # 39; Poorly run and weak companies blame these small rates instead of themselves for poor management … and who can really blame them? Apologies!
Subsequently, Trump delves into currency issues and brought the modest fall of the euro by 4 percent against the dollar.
& # 39; The euro is falling like crazy against the dollar & # 39 ;, which gives them a major export and production advantage … and the Fed does NOTHING! Our dollar is now the strongest in history. Sounds good right? Except those (manufacturers) that offer products for sale outside the US & # 39;
Trump denied that his trade wars were harming the US economy, but accused the Federal Reserve of allowing a strong dollar to make US exports less competitive.
The comments came just two days before Washington had to impose a wave of new rates on billions of imports into China after the sharp deterioration in trade relations with Beijing this month.
Fears that Trump's trade wars are damaging the world's largest economy and pushing the world into a recession have rippled the global markets this month – with investors calmed down this week by the more positive tone of Chinese and American officials.
But Trump has often lashed out with Chinese and European authorities and accused them of deliberately weakening their currencies to gain unfair trade benefits – charges they denied.
And he has repeatedly criticized Fed Chairman Jerome Powell.
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