With less than a week to go before the Fed begins its next two-day policy meeting, President Trump is again lambasting the Powell-led central bank for having the temerity to raise interest rates and attempt to start unwinding its balance sheet.
This time, it was a tweet from Bloomberg Opinion about Europe's difficulty in dissuading foreign tourists from visiting its popular landmarks (like, you know, the Cathedral of Notre Dame) that set Trump off. In a tweet, he accused the Europeans of manipulating the euro (and noted that other countries are doing the same to their currencies).
This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way to high, added to ridiculous quantitative tightening! They don't have a clue! https://t.co/0CpnUzJqB9
— Donald J. Trump (@realDonaldTrump) June 11, 2019