US Pres. Trump: Fed puts us at a competitive disadvantage

Eren Sengezer FXStreet

In a Twitter thread on Thursday, US President Donald Trump said that people were very disappointed with the Federal Reserve and its Chairman Jerome Powell.

People are VERY disappointed in Jay Powell and the Federal Reserve. The Fed has called it wrong from the beginning, too fast, too slow. They even tightened in the beginning. Others are running circles around them and laughing all the way to the bank. Dollar & Rates are hurting... – @realDonaldTrump

....our manufacturers. We should have lower interest rates than Germany, Japan and all others. We are now, by far, the biggest and strongest Country, but the Fed puts us at a competitive disadvantage. China is not our problem, the Federal Reserve is! We will win anyway. – @realDonaldTrump

These comments did seem to be further weighing on the market sentiment. As of writing, the 10-year US Treasury bond yield was down 4.4% at 1.695%.

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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