Fed Policy Hindered Economic Growth, Trump Says

Fed Policy Hindered Economic Growth, Trump Says
President Donald Trump delivers remarks on 5G deployment in the United States on April 12, 2019 in Washington. Tom Brenner/Getty Images
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President Donald Trump said on April 14 that the U.S. economy would have grown at a greater rate if it weren’t for the policies of the Federal Reserve, which repeatedly raised rates last year while selling off assets.

“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,” Trump wrote on Twitter.
Ivan Pentchoukov
Ivan Pentchoukov
Author
Ivan is the national editor of The Epoch Times. He has reported for The Epoch Times on a variety of topics since 2011.
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