In an exclusive interview with Reuters, President Trump said that he would criticize the Fed if it continued to raise rates and added that the Fed needed to be “more accommodating.”
Key quotes (via Reuters)
- Trump says he disagrees with U.S. Fed decision to raise interest rates, “Not thrilled” with Powell for doing so.
- Asked if he believes in Fed being independent, says he believes in Fed doing “what’s good for the country”.
- Trump says China is manipulating its currency, Europeans manipulating euro as well.
- Trump says when U.S. puts tariffs on China, China artificially lowers price of yuan.
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