Trump again criticizes the Fed's inaction

19.08.2019 / 19:15

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In another Twitter action, Trump once again condemned the Fed's actions and did not forget to comment on what they should do:

"Our economy is very strong, despite Jay Powell's tightness and the Federal Reserve, but the Democrats are trying to worsen the economy to influence the 2020 election. It's very selfish! Our dollar is so strong that it unfortunately hurts other economies around the world. the interest rate should be reduced by 100 basis points in a short period of time, as well as consider the possibility of a small QE. If this had already happened, our economy would have been even stronger and the world economy would have to feel this powerful influence! "

Despite the encouraging words of the economy being "very strong", the reduction of interest rates by 100 points and QE actually speaks the opposite. The question we have to ask ourselves is: How will Trump react if the Fed does not cut interest rates in the aggressively desired way and the US dollar continues to rise in price?

Trader Martin Nikolov

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Trump again criticizes the Fed's inaction

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