Trump presses ‘pathetic’ Federal Reserve to cut rates more aggressively

Washington: President Donald Trump on Tuesday lashed into the US Federal Reserve and its chairman Jerome Powell, calling the institution “pathetic, slow moving” and saying it should bring interest rates in the United States down to the level of “competitor nations.”

“Our pathetic, slow moving Federal Reserve, headed by Jay Powell, who raised rates too fast and lowered too late, should get our Fed Rate down to the levels of our competitor nations,” Trump said on Twitter. “They now have as much as a two point advantage, with even bigger currency help.”