UNITED STATES, WASHINGTON (OBSERVATORY) — US President Donald Trump said the US problem is not duties, but the Federal Reserve.
“The euro is falling to the dollar like crazy, which gives them a big advantage in export and production … and the Fed is not doing anything! Our dollar is the strongest in history. It sounds good, right? Except for those (producers), who produces products for sale outside the US … We do not have a problem of customs duties (we bring to the senses of bad and / or dishonest players), we have the problem of the Fed. They do not understand anything! ” he wrote on Twitter.
The American president has repeatedly criticized the Fed for incorrect policies that hinder the development of the US economy and negatively affect the dollar. He also almost every day harshly criticizes the head of the country’s Federal Reserve Jerome Powell for the Fed’s refusal to lower its key interest rate.
The Fed meeting on monetary policy in the United States will be held September 17-18.
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