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IPFS News Link • Trump Administration

Trump Renews Powell Attack: "I Was Right... Fed Must Cut Rates BIgger And Faster"

• https://www.zerohedge.com, Tyler Durden

As we expected earlier, when we noted the not one, not two, but three surprise rate cuts by Asian central banks, and said that it's only a matter of time for Trump to chime in, Donald Trump did just that when in a trio of tweets, the president once again lashed out at Powell for not only not cutting more than just 25 bps - because it is "too proud to admit their mistake of acting too fast and tightening too much (and that I was right!)" - but also because the rest of the world is now winning the race to the bottom: "They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW" Trump boomed, even though the Fed ended their "ridiculous quantitative tightening" LAST WEEK.


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