KTFA

Samson: Trump renews his attack on the Fed and criticizes the weakness of the Euro

11th June 2019

US President Donald Trump renewed his attack on the Federal Reserve Bank once again, with reference to the rate of very low inflation

Trump wrote in a tweet through his official account on the social networking site “Twitter” on Tuesday, that interest rates for the federal is very high

The US central bank raised interest rates four times in the past year to currently between 2.25 percent and 2.50 percent

Trump’s comments came a week before Fed policymakers met to discuss monetary policy amid widespread expectations that interest rates would not change

The president’s chant commented on an article published by the Bloomberg American agency wondering how it could deprive European landmarks of tourists? “This is because the euro and other currencies are being devalued against the dollar

“This issue puts the United States in a completely unequal position

The United States is experiencing very low levels of inflation,” Trump said in another editorial, calling it a good thing

The US consumer price index rose to 1.8 percent in May on a year-on-year basis from 2.2 percent a month earlier   LINK

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