Don’t miss the latest developments in business and finance.

Trump slams Fed for 'incessantly' raising interest rates

Image
AFP Washington
Last Updated : May 01 2019 | 12:45 AM IST

President Donald Trump slammed the Federal Reserve on Tuesday for "incessantly" raising interest rates and said cutting rates by a full point would make the economy surge.

In a Twitter outburst on the first day of a two-day central bank meeting to decide the course of monetary policy, Trump said, "We have the potential to go up like a rocket if we did some lowering of rates, like one point."

Also Read

First Published: May 01 2019 | 12:45 AM IST

Next Story