Trump slams Fed for making mistakes in interest hike rates

Trump slams Fed for making mistakes in interest hike rates
Image Credit: Reuters
  • Country:
  • United States

President Donald Trump said on Friday that the U.S. Federal Reserve had made a mistake in raising interest rates and blamed the central bank for hurting the U.S. economy and stock markets.

"Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0 per cent GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!," Trump tweeted.

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