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Trump says Fed “pathetic” and “slow”

US, WASHINGTON (NEWS OBSERVATORY) — Donald Trump again criticized the Federal Reserve and its chairman Jerome Powell on Tuesday for saying that the central bank was “slow” and “pathetic” when it said it should cut interest rates to level of those of “competing countries”.

“Our pathetic and slow Federal Reserve, led by Jay Powell, who raised rates too quickly and lowered them too late, should lower our Federal Rate to the level of our competing countries,” he wrote in a post. on Twitter.

“They now have an advantage that can reach two points, and their currency helps them even more,” he added.

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