'Big mistake' — Trump blasts Fed for curbing growth and shackling stocks by hiking interest rates | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

'Big mistake' — Trump blasts Fed for curbing growth and shackling stocks by hiking interest rates

President Trump slammed the Fed for raising interest rates in 2017 and 2018.The economy would be growing faster and the stock market could be more than a third higher if the central bank hadn't hiked rates, Trump said."I could see 5,000 to 10,000 points more on the Dow. It was just a big mistake.

"Had we not done the big raise on interest, I think we would have been close to 4%," Trump told CNBC."I could see 5,000 to 10,000 points more on the Dow. It was just a big mistake."switched direction last year with three cuts"That was a big blip that should not have taken place," Trump said about the hikes."It should not have happened."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'Shackling stocks?' The fed has been pumping Billions into the Repo market to artificially pump stocks up. The whole economy and stock market is a bubble and House of cards right now. Crash by April. Book it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines