golf club: Fed policy is putting the U.S. at a disadvantage versus Europe and suppressing gains in the stock market, Trump said. ; Sunday's comments came after Trump said on Friday that the central bank doesn't have a clue and was our most difficult problem, according to The Japan Times. The fresh criticism is consistent with ideas that the president is laying the groundwork to replace Powell when the chairman's term is up in 2022, assuming Trump is re-elected, or will attempt to do so earlier if the Fed doesn't bend quickly enough to his will. If the Fed knew what it was doing it would cut rates, Trump told reporters before he boarded Air Force One in Morristown, New Jersey, to return to Washington after a weekend at his nearby golf club. Our most difficult problem is not our competitors, it is the Federal Reserve, Trump said in a Twitter post late Friday. Trump has repeatedly accused Powell of not doing enough to bolster the economy. The Fed had raised rates too soon, too often and doesn't have a clue, he said.
(news.financializer.com). As
reported in the news.
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