UNITED STATES (OBSERVATORY NEWS) — US President Donald Trump on Tuesday called on the Federal Reserve to cut interest rates significantly, saying that high borrowing costs have a difficult impact on exporters and put the country at a disadvantage.
“The Federal Reserve makes us pay higher interest rates compared to many others, while we have to pay less,” Trump wrote on Twitter. Difficult for our exporters and places the USA in a competitive disadvantage. The opposite should happen.”
Trump has repeatedly criticized Fed Chairman Jerome Powell in recent earlier times and said the bank was keeping interest rates too high.
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