Just ahead of FOMC rate decision on Wednesday, Trump continue to pile political pressure on Fed policymakers. In a couple of tweets, he firstly complained that “the E.U. and China will further lower interest rates and pump money into their systems, making it much easier for their manufacturers to sell product. But “in the meantime, and with very low inflation, our Fed does nothing – and probably will do very little by comparison. Too bad!”
Additionally, he said Fed raised interest rate “way too early and way too much” and “their quantitative tightening was another big mistake”. And, “the Fed has made all of the wrong moves. A small rate cut is not enough”.
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