Trump called the "only problem" of the US economy
According to Donald Trump, the Federal Reserve is the only problem for the US economy.
The only problem of the US economy is the country’s Federal Reserve. About this, US President Donald Trump wrote on Twitter on Monday, December 24th.
“The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!”, the American leader said.
In addition, Trump compared the Fed with a strong, but “inept golfer who can’t score the ball in the hole.”
The Federal reserve is an independent Federal Agency to perform the functions of the Central Bank and exercise control over the commercial banking system of the United States. It unites 12 Federal reserve banks. The head of the fed can be removed by the President.
We recall, Recall, on December 19, the Fed raised the base interest rate by 0.25 percentage points – to 2.25-2.5% per annum. Trump called the Fed rate hike “the main threat” to the success of his presidential term. In addition, the US leader said that the appointment of Jerome Powell to the post of Fed Chairman was a mistake.