Trump pressures Fed to boost 'very strong' economy amid recession fears [View all]

[brooklynite]

Source: The Hill

President Trump on Monday called on the Federal Reserve to stimulate what he called a “very strong” economy as the White House tries to tamp down rising fears of a global recession.

In a pair of Monday tweets, Trump renewed his call for the Fed and its chairman, Jerome Powell, to cut interest rates. The president simultaneously touted the strength of the U.S. economy while ripping the central bank for failing to fix it.

Trump also accused Democrats of attempting to tank the economy to damage his chances ahead of the 2020 election, but did not explain how they were doing so.

Trump has bashed the Fed consistently since the bank raised interest rates four times in 2018. The president has long blamed the central bank and Powell for any dip in the stock market or reports of slow economic data, pressuring the Fed to cut rates.



Read more: https://thehill.com/policy/finance/overnights/457946-trump-pressures-fed-to-boost-very-strong-economy-amid-recession