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President Donald Trump addressed the US Federal Reserve on Twitter late Friday, a few hours after ringing the banking system.
Trump seems to be referring in part to a report from the Ministry of Labor that the US economy created 224,000 additional jobs in June, saying it should encourage the federal agency to cut interest rates .
"The jobs report, the low inflation and the other countries of the world are doing everything in their power to take advantage of the United States, knowing that our Federal Reserve has no idea " Trump wrote. "They raised rates too early, too often and tightened, while others did exactly the opposite."
Trump went on to state the state of the country "in the aftermath of the great election, when the market climbed," claiming that "it could have been even better – a huge additional wealth would have been created and used very well".
He added: "Our most difficult problem is not our competitors, it's the Federal Reserve!"
The tweet was a double-down of Trump about the comments he had made earlier in the day at the White House.
"We do not have a Fed that knows what it's doing, so it's one of those little things," Trump told reporters on Friday at the White House. If interest rates were reduced, insisted Trump, the United States "would be like a spaceship".
Read more: Trump attacks Fed again, stating that he does not know what he's doing and is calling for rate cuts
This is Trump's latest call for Fed interest rate cuts. Previously, he had stressed the government of former President Barack Obama as the ideal landscape of interest rates.
"He paid close to zero interest rates," Trump said Friday about Obama. "I pay a real interest."
Carmen Reinicke contributed to the reports.
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