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12/2, 11:29 PM (Source: TeleTrader)
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Trump: Fed should lower rates to improve manufacturing

United States President Donald Trump reiterated on Monday that the Federal Reserve should reduce the interest rates as inflation is very low. He also claimed that the measure would have a positive impact on the manufacturing sector.

"The Fed should lower rates (there is almost no inflation) and loosen, making us competitive with other nations, and manufacturing will SOAR! Dollar is very strong relative to others," Trump wrote on Twitter.

Earlier today, the American president stated that manufacturing is suffering because of Fed Chairman Jay Powell's reluctance to lower the interest rates. Also today, a report by the Institute for Supply Management (ISM) revealed that the activity in the manufacturing sector in the US decreased further in November.

Breaking the News / MS