US President Donald Trump said that his country is making great economic progress in spite of the policies pursued by the head of the US Federal Reserve System Jerome Powell.
“We are doing great Economically as a Country, Number One, despite the Fed’s antiquated policy on rates and tightening. Much room to grow!” Trump tweeted.
We are doing great Economically as a Country, Number One, despite the Fed’s antiquated policy on rates and tightening. Much room to grow!— Donald J. Trump (@realDonaldTrump) July 15, 2019
Trump has constantly criticized the policies of the Fed and its chairman Jerome Powell. The President and his advisers have repeatedly called on the Central Bank to lower the base interest rate, and also to abandon the program of quantitative tightening and switch to a policy of quantitative easing. Earlier, Bloomberg reported citing sources that the American leader is considering the possibility of the resignation of the chairman of the financial regulator. At the same time, representatives of the White House repeatedly stated that the president respects the independence of the Fed and does not intend to interfere in its decisions.
In turn, on July 10, Fed Chairman Jerome Powell issued a statement that he would refuse to voluntarily resign if US President Donald Trump decides to dismiss him.