Trump says Federal Reserve is holding back stock market, economy | TheHill - The Hill

President TrumpDonald John TrumpWH spokesman: We're working with DHS, ICE to try to send undocumented immigrants to sanctuary cities Trump says he has legal right to send undocumented immigrants to sanctuary cities Sanders calls on Trump to scrap his trade plan MORE on Sunday said the Federal Reserve has held back the stock market and the economy, claiming that the stock market and GDP would be improved if the Fed "had done its job properly."

Trump claimed the stock market would be "up 5000 to 10,000 additional points" and GDP would be "well over" 4 percent.

"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, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!" he tweeted.

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, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!

— Donald J. Trump (@realDonaldTrump) April 14, 2019

Trump has previously attacked the Fed on numerous occasions, often criticizing the central bank for raising interest rates.

"Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0% GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!" he tweeted at the time. 

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https://thehill.com/homenews/administration/438823-trump-says-federal-reserve-is-holding-back-stock-market-economy

2019-04-14 15:53:37Z
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