Economics

Trump Steps Up Fed Attack, Calls It Incompetent and Urges Cuts

President tweets after India, New Zealand and Thailand ease
Demands end to quantitative tightening which Fed ended Aug. 1

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C.Photographer: Andrew Harrer/Bloomberg

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By Alister Bull

August 7, 2019 at 1:01 PM UTC

Updated on

August 7, 2019 at 1:58 PM UTC

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President Donald Trump stepped up his relentless assault on the Federal Reserve in a series of Wednesday morning tweets that renewed his demand for “bigger and faster” interest-rate cuts.