Central bank is US economy’s only problem, says Trump

President Donald Trump on Monday renewed his verbal assault on
the Federal Reserve, blaming the central bank for mounting fears
over the US economy and comparing it to a blundering golfer.

“The only problem our economy has is the Fed,” Trump tweeted.
“The Fed is like a powerful golfer who can’t score because he has
no touch – he can’t putt!”

The Federal Reserve is meant to be independent of the White
House but Trump has trampled those barriers in his frustration at
what he sees as the bank’s poor interest rate policies.

A lifelong real estate developer, Trump has touted the booming
US economy as one of his presidency’s main achievements.

But the stock market is in steep retreat as investor’s nerves
grow over the fallout from Trump’s erratic style and his trade war
with China.

Trump said the Fed has no “feel for the Market, they don’t
understand necessary Trade Wars or Strong Dollars or even Democrat
Shutdowns over Borders.”

(AFP)

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