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US Treasury Secretary Steven Mnuchin said yesterday that Trump had no plans to increase pressure on the Federal Reserve when he criticized his decision to raise interest rates. ;interest.
Before the media in the framework of the G20 summit in Buenos Aires, Mnuchin said that he could not comment on why the president made such statements, but he does not think that's the case. they were wrong.
"I can guarantee it because I spoke with the President at the Fed," said the Treasury Secretary, referring to the central bank. "I just want to badure you that this is not intended to put pressure on the Fed or to compromise its independence." On Friday morning, Trump criticized the Federal Reserve for the second day and broke with an old tradition that the White House avoids any influence, real or perceived, on the independence of the central bank of the United States.
The President tweeted: "China, the European Union and others have manipulated their currencies and their interest rates down, while the United States is increasing them at the same as the dollars get stronger each day, taking away our great competitive advantage. "
Ap
Critical
Trump added:
⇒ Reference to Fed rate increases.
⇒ "The EU should not be penalized because we are doing very well, these measures are detrimental to everything we have done".
Posture. Mnuchin did not comment on why Trump made such statements, but he did not think they were wrong.
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