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1-min read

Central Bank is US Economy's 'Only Problem', Says Trump

The stock market is in steep retreat as investor nerves grow over the fallout from Trump's erratic style and his trade war with China.

AFP

Updated:December 24, 2018, 11:39 PM IST
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Central Bank is US Economy's 'Only Problem', Says Trump
File photo of US President Donald Trump.
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Washington: President Donald Trump on Monday renewed his verbal assault on the Federal Reserve, blaming the central bank for mounting fears over the US economy and comparing it to a blundering golfer.

"The only problem our economy has is the Fed," Trump tweeted. "The Fed is like a powerful golfer who can't score because he has no touch - he can't putt!"

The Federal Reserve is meant to be independent from the White House but Trump has trampled those barriers in his frustration at what he sees as the bank's poor interest rate policies.

A lifelong real estate developer, Trump has touted the booming US economy as one of his presidency's main achievements.

But the stock market is in steep retreat as investor nerves grow over the fallout from Trump's erratic style and his trade war with China.

Trump said the Fed has no "feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders."
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
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