Trump Slams Fed's "Misguided" Tightening, Warns "Far More Costly" To Wait To Cut Rates

Zero Hedge | 7/22/2019 | Staff
penaert (Posted by) Level 3
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Members of the FOMC might be in their "quiet period" ahead of the July Fed meeting, where the board is expected to cut interest rates by at least 25 bp, but President Trump's attacks on the central bank continue.

In a series of tweets, Trump combines his criticisms of the central bank's "misguided" policy with accusations that other countries are manipulating their currencies and Trump warned that it would be "Far more costly" for the Fed to wait to cut interest rates should a downturn take place, than to cut now and prevent a downturn by being proactive.

Words - Trump - Criticisms - Fed - Policy

In other words, Trump has basically strung together all of his prior criticisms of the Fed to remind policy makers with just over a week to go before their next policy meeting that...
(Excerpt) Read more at: Zero Hedge
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