Trump: ‘Very disruptive’ Fed made ‘big mistake’ with December rate hike
“President Donald Trump on Monday criticized Federal Reserve policies as ‘destructive’ for not lowering interest rates. Trump, who has accused the U.S. central bank of undercutting his efforts to boost economic growth, has repeatedly said on Twitter the Fed should cut its key overnight lending rate by a full percentage point and renew the quantitative easing program that saw it pump trillions of dollars into the economy in response to the 2007-2009 financial crisis and recession.”
USAGOLD note: The verbal war between the Fed and White House continues. . . . .