President Donald Trump has launched a new attack on the president of the US Federal Reserve in a pair of tweets on Monday morning.
The President has publicly lobbied Fed Chairman Jerome Powell to lower interest rates in hopes of preventing a recession, but Trump's nominee has so far resisted calls.
"China's producer prices fell the most in three years because of China's strong currency devaluation, coupled with a monetary stimulus," Trump told reporters on Twitter. "The Federal Reserve does not look? Fed will he ever enter the game? The strongest dollar of all time! Really bad for exports. No inflation … The highest interest rates … "
Trump has publicly questioned Powell's judgment on numerous occasions and even suggested that he was an "enemy" of the United States. He also made another derogatory remark to the Fed chairman.
"The United States, because of the Federal Reserve, pays a MUCH higher interest rate than other competing countries," he tweeted. "They can not believe how lucky they are that Jay Powell and the Fed do not have a clue, and now, on top of all this, the oil has hit, lower interest rates, more stimulus!"
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