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12/2, 10:22 PM (Source: TeleTrader)
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Trump: Fed's ridiculous policies hurting manufacturing

United States President Donald Trump took to Twitter on Monday to blame the Federal Reserve for the weakness in the country's manufacturing sector.

"Manufacturers are being held back by the strong Dollar, which is being propped up by the ridiculous policies of the Federal Reserve - Which has called interest rates and quantitative tightening wrong from the first days of Jay Powell!" Trump tweeted.

The US president has been criticizing the Fed's policies for months and continued calling for more rate cuts even after the central bank lowered interest rates three times this year. Earlier in the day, data from the Institute for Supply Management (ISM) showed that the activity in the US manufacturing sector contracted more than expected in November

Breaking the News / NP