Trump keeps up pressure on Fed as policy meeting approaches By Reuters

Trump keeps up pressure on Fed as policy meeting approaches

Economy Jul 19, 2019 09:06AM ET

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Trump keeps up pressure on Fed as policy meeting approaches

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday kept up his pressure on the Federal Reserve as the U.S. central bank's next meeting approaches later this month, when financial markets expect an interest rate cut.

Trump, in a tweet, reiterated his call for lower interest rates and slammed the Fed for what he called its "faulty thought process." Fed Chairman Jerome Powell has repeatedly said the Fed makes decisions independently from markets and the White House.

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Comments (1)

Tom OKray Jul 19, 2019 9:56AM ET

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I think the Fed should not cut rates at this meeting just to ***** Trump off, he doesn't have a clue how the economy works anyway.

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