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Trump said the Fed was "a bigger problem than China" for the United States.
Washington, Nov. 27 (EFE) .- US President Donald Trump has returned today to attack the US Federal Reserve (Fed) stating that it represented a "more serious problem than China" for the company. 39, the country's economy, said He's not "a little happy" with US central bank chairman Jay Powell.
In an interview with The Washington Post, Trump insisted on his repeated criticism that the Fed's gradual rise in interest rates is hurting the national economy.
"I think the Fed is a much bigger problem than China," said the president, who said the Asian giant "is eager to reach an agreement" to reduce bilateral trade tensions.
"I make agreements (commercial) and the Fed does not act accordingly, it makes a mistake, because I have an instinct, and sometimes my instinct tells me more than someone's brain." one of the others can never tell me, "he added. Trump.
The president said he was not worried about the possibility of a recession in the United States. because his "trade agreements" will have a positive effect on the economy, but he has made it clear that he regretted having named Jay Powell this year as head of the Fed.
"For now, I'm not a little happy with my selection of Jay, and I do not blame anyone, but I think the Fed is very wrong with what it's doing," said the president. .
Trump's criticisms of the Fed surprised US economic and financial circles, given the traditional respect that all US governments have for the independence of the central bank.
So far this year, the Fed has raised its interest rates three times, reflecting the good health of the US economy.
At its last meeting, started this month, the Fed kept interest rates unchanged, but badysts agree that it's more than likely that at its last meeting in the year, in mid – December, the central bank orders a further increase in the price of silver in the United States.
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