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Donald Trump blasts Federal Reserve for 'destructive actions' in U.S. economy


Added 04-04-19 09:22:02am EST - “President Trump said Thursday the Federal Reserve took "unnecessary and destructive actions," although he praised the rest of the U.S. economy.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Donald Trump blasts Federal Reserve for ‘destructive actions’ in U.S. economy”. Below is an excerpt from the article.

President Trump said Thursday the Federal Reserve took “unnecessary and destructive actions,” although he praised the rest of the U.S. economy.

“Despite the unnecessary and destructive actions taken by the Fed, the Economy is looking very strong, the China and USMCA deals are moving along nicely, there is little or no Inflation, and USA optimism is very high,” the president tweeted.

Mr. Trump’s comments come after the Federal Reserve chose to keep rates steady and announced it expected to not raise them in 2019.

The president was critical of the Federal Reserve for raising rates four times last year, calling them “crazy” in October after its fourth hike.

Mr. Trump even went as far as to blame the Federal Reserve in late March for preventing the country’s 2018 gross domestic product from hitting 4 percent.

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