Economics
Trump Slams Fed Again, Says Stocks Should Be 5,000-10,000 Higher
- Says interest rate hikes have prevented GDP topping 4 percent
- President has nominated two loyalists to fill empty Fed seats
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President Donald Trump, renewing his attack on the Federal Reserve, claimed the stock market would be “5000 to 10,000” points higher had it not been for the actions of the U.S. central bank.
“If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points,” the president tweeted on Sunday. “Quantitative tightening was a killer, should have done the exact opposite!”