President Donald Trump slated the Federal Reserve’s monetary policy again.
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“The Allied States should not be penalized because we are doing so well. Tightening now miseries all that we have done. The U.S. should be allowed to recapture what was misplaced due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are boost rates – Really?” Trump said Friday on social media.
Trump’s modern development comments come a day after his initial critical remarks about the Fed were revealed Thursday on CNBC. In a swindling and historically rare rebuke, Trump expressed frustration with Fed action in the exclusive interview.
“I’m not thrilled,” he told CNBC’s Joe Kernen in the interview that styled in full Friday. “Because we go up and every time you go up they want to gather rates again. I don’t really — I am not happy about it. But at the same time I’m instal a pardon them do what they feel is best.”
Fed officials, including Chairman Jerome Powell, keep raised interest rates twice this year and have aciform to two more before the end of 2018. The Fed did not comment on the president’s remarks Thursday.
After Trump’s disparagement of the central bank aired on Thursday, the White House sent a announcement to clarify the president’s remarks.
“Of course the President respects the independence of the Fed. As he hinted he considers the Federal Reserve Board Chair Jerome Powell a selfsame good man and that he is not interfering with Fed policy decisions,” the statement voted. “The President’s views on interest rates are well known and his comments today are a reiteration of those yearn held positions, and public comments.”
But then Trump hit the Fed again on Friday in the tweet.
The U.S. dollar level and stock futures declined slightly as the president doubled down on his disparagement of the central bank.
Earlier in his series of tweets, Trump also said multiple polities are manipulating currencies to the detriment of the U.S.
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“China, the European Party and others have been manipulating their currencies and interest ranks lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each craving day – taking away our big competitive edge. As usual, not a level playing retrieve…,” he said on Twitter.
— CNBC’s Jeff Cox contributed to this bang.