The president of United States, Donald Trump, downplayed any action that the Federal Reserve before the meeting to be held this week by the entity, even though it is expected that the central bank lowers the cost of credit.
Reuters
" The European Union and China will further lower their interest rates and pump money into their systems, making it much easier for their manufacturers to sell products,” Trump wrote on Twitter.
The Fed “raised” way too early and way too much. Their quantitative tightening was another big mistake. While our Country is doing very well, the potential wealth creation that was missed, especially when measured against our debt, is staggering. We are competing with others…..
- Donald J. Trump (@ realDonaldTrump) July 29, 2019
“Meanwhile, and with very low inflation, our Fed does nothing, and pit will probably do very little by comparison. Too bad!” added the president.
….countries that know how to play the game against the US That's actually why the EU was formed….and for China, until now, the US has been “easy pickens.” The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!
- Donald J. Trump (@ realDonaldTrump) July 29, 2019