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WASHINGTON (Reuters) – US President Donald Trump reiterated Monday his request to the Federal Reserve to reduce interest rates a few days before the monetary policy meeting.
The Fed is expected to meet on July 30-31, with much-awaited interest rate cuts.
"With almost zero inflation, the United States is unnecessarily forced to pay a much higher interest rate than other countries, just because of the very misleading Federal Reserve," he said on Monday. in several tweets.
"In addition, the quantitative tightening continues, making competition for the United States difficult."
The US president noted that interest rates should be much lower and that the gross domestic product and wealth of the United States are too high.
He said what the Fed is doing is a waste of time and money.
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