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Trump on Fed: 'No "guts," no sense, no vision!'

Published 09/18/2019, 03:13 PM
Trump on Fed: 'No "guts," no sense, no vision!'

WASHINGTON (Reuters) - President Donald Trump blasted the Federal Reserve for delivering only a quarter-percentage point interest rate cut on Wednesday, saying the U.S. central bank and its chair, Jerome Powell, had "No 'guts,' no sense, no vision!"

"A terrible communicator," Trump said of Powell in his latest Twitter attack on the Fed and Powell, less than a half hour after the Fed announced its second rate reduction this year.

"Jay Powell and the Federal Reserve Fail Again," Trump said.

Trump had called for a larger rate cut from the Fed. He has repeatedly railed against the Fed and Powell, whom he appointed as chair, claiming that the Fed's monetary policy has been holding back U.S. economic growth.

The Fed, in announcing the rate cut, said Trump's trade war with China and a global economic showdown ran the risk of creating headwinds for U.S. economic growth, but it gave mixed signals as to what sort of actions it may take next.

Latest comments

End The Fed, Mr Trump. Then you can do ****well what pleases you and your Minions.
Trump is the worst president in history with his constant blunders and mixed actions only designed to make himself look good but not to make america great again.
End the Trade war Trump and the economy will take care of itself.
Emergency cut coming next
And unconstitutional. They have managed the USD down to 1488th/1 oz of gold.
And Trump wants them to bring it down even more, to make exports cheaper and imports more expensive.
Looks like somebody didn't think out the trade plan very well.
Had nothing to do with the FED saving the banks. Think CC rates at 17,car loans at 8.
credit card and car loan rates are determined by the lenders, not the Fed, so they have nothing to do with the Fed or the trade war for that matter.
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