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9/3, 4:00 PM (Source: TeleTrader)
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Trump: Fed fails to act while others have negative rates

United States President Donald Trump continued his attacks against the Federal Reserve on Tuesday, slamming them for "failing to act" while other countries have negative interest rates and "get paid for loaning money."

"Germany, and so many other countries, have negative interest rates, "they get paid for loaning money," and our Federal Reserve fails to act! Remember, these are also our weak currency competitors!" Trump tweeted.

Trump previously told reporters on Saturday that he would not like to see negative interest rates in the US. He also said shortly before that that the country's central bank was failing to "mentally" keep up with other G7 countries in lowering interest rates while Germany "gets paid" for borrowing.

Breaking the News / DZ