11/19/2019, 4:36 AM (Source: TeleTrader)
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Trump: I told Powell lower interest rates are needed

United States President Donald Trump took to Twitter to say he told Federal Reserve Chair Jerome Powell that interest rates should be lower than in other countries.

"At my meeting with Jay Powell this morning, I protested fact that our Fed Rate is set too high relative to the interest rates of other competitor countries. In fact, our rates should be lower than all others (we are the U.S.). Too strong a Dollar hurting manufacturers & growth!," Trump said.

Earlier, Trump called his meeting with the central bank chief "very good & cordial." The Fed lowered rates three times this year but Trump has insisted the bank was "far too slow" with rate cuts.

Breaking the News / NP