"The European Central Bank, acting quickly, reduces rates by 10 basis points. They are trying, and are succeeding, to depreciate the euro against a very strong dollar, hurting US exports … And the (Federal Reserve) sits down, He sits and sits. They get paid for borrowing money, while we pay interest!", the president has written on his Twitter account.
European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports …. And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!
– Donald J. Trump (@realDonaldTrump) September 12, 2019
It is not the first time that the US president attacks the monetary agency demanding that he lower interest rates. Thus, on August 14, he tweeted that the US problem It was not China, but the Federal Reserve. Two weeks later, he said the Fed "cannot" mentally "stay up to the competition." This Wednesday, he reiterated his request and urged reducing the rates "to zero or less" to begin financing Washington's debt.
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