trending:

Just In

View all Load more
Administration

Trump says Federal Reserve is holding back stock market, economy

by Michael Burke - 04/14/19 11:53 AM ET
by Michael Burke - 04/14/19 11:53 AM ET
Getty Images

President Trump on Sunday said the Federal Reserve has held back the stock market and the economy, claiming that the stock market and GDP would be improved if the Fed “had done its job properly.”

Trump claimed the stock market would be “up 5000 to 10,000 additional points” and GDP would be “well over” 4 percent.

{mosads}”If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%…with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!” he tweeted.
Trump has previously attacked the Fed on numerous occasions, often criticizing the central bank for raising interest rates.
 
The president said in a tweet earlier this month that the economy was “looking very strong” despite “unnecessary and destructive actions taken by the Fed.” He said in March that GDP and the stock market would both be “much higher” if the Fed hadn’t “mistakenly raised interest rates.“
 
“Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0% GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!” he tweeted at the time. 
Tags Donald Trump

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Top Stories

See All

See All