US Pres. Trump: Fed policy is insane, ECB is pouring money in while Fed is taking money out

Eren Sengezer FXStreet

During his interview with Fox Business Network, U.S. President Trump, once again, voiced his criticism of the Federal Reserve's monetary stance, calling their policy 'insane.'

"The ECB is pouring money in while Fed is taking money out," Trump further argued. Trump also reiterated that Powell was doing a bad job. Regarding reports of his administration looking at their legal options to demote FOMC Chairman Powell, Trump stated that he never suggested to fire or demote Powell.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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