President Trump Chides Fed Chair Powell, Says Opportunity Missed

Following the announcement of an expected rate cut by the Federal Reserve, President Trump responded with a pair of early morning tweets, directed at Fed chairman Jarome Powell, criticizing the decision to raise rates, “too fast, too early” and saying there was a “staggering” amount of “potential wealth creation that was missed.”

SEE TWEET FROM @realDonaldTrump BELOW:

….countries that know how to play the game against the U.S. That’s actually why the E.U. was formed….and for China, until now, the U.S. has been “easy pickens.” The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!

— Donald J. Trump (@realDonaldTrump) July 29, 2019

Earlier in the morning, President Trump explained how the E.U. and China are gaining a leg up by having lower interest rates.  Supposedly unbiased media outlets like CNBC posted an article with a very unflattering picture of the President and CNN posted a piece suggesting that he might ‘take over’ the Fed. Of course, this is just fear-mongering as the President historically is a tough negotiator but usually ends up making fair compromises in the end.

SEE TWEET FROM @realDonaldTrump BELOW:

The E.U. and China will further lower interest rates and pump money into their systems, making it much easier for their manufacturers to sell product. In the meantime, and with very low inflation, our Fed does nothing – and probably will do very little by comparison. Too bad!

— Donald J. Trump (@realDonaldTrump) July 29, 2019

Earlier this week, he spoke at a press conference explaining that these countries are going to wait until after the election before they make a deal as they hold out hope that a Democrat may be elected.