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Trump Tweets Fed ‘Probably Will Do Very Little’ to Lower Rates

Published 07/29/2019, 08:01 AM
Updated 07/29/2019, 08:24 AM
© Reuters.  Trump Tweets Fed ‘Probably Will Do Very Little’ to Lower Rates

(Bloomberg) -- President Donald Trump attacked the Federal Reserve in a tweet Monday, saying the U.S. central bank “probably will do very little” to counteract actions by Europe and China to ease monetary policy.

Fed officials are widely expected to lower interest rates by a quarter-percentage point when they meet Tuesday and Wednesday in Washington.

Trump has been pushing the Fed to cut interest rates as policy makers ready for their decision this week. The president has repeatedly attacked the Fed for more than a year, calling on policy makers and Chairman Jerome Powell to reduce borrowing costs after increasing them in 2018.

While data on the U.S. economy have been generally solid, policy makers have said they’re monitoring the risks of slowing global growth and elevated trade tensions. Officials are in a quiet period on public comment ahead of the gathering.

Latest comments

no trump no party
This is from the same Trump who 4-5 years ago cried that interest rates were too low. At the time higher rates would have been good for him but nobody else.
Not trading that time period mkt now.
Trump is doing Very Little! Needs to Go!
You must have him confused with last president.
bravo Andrew right on
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