After roiling stock markets in Asia and Europe last night when he blamed the longest stock-market losing streak of his presidency on the Federal Reserve and its “crazy” interest rate hikes, President Trump again lit into the central bank in a Fox News interview Thursday morning where he said the Fed has gotten “a little too cute” with its interest rate hikes.
US Pres Trump: Federal Reserve Is Getting A Little Bit Too Cute – Fox
— LiveSquawk (@LiveSquawk) October 11, 2018
He added that Powell & Co. are “making a big mistake” by being so aggressive.
BREAKING: Trump says Fed ‘making a big mistake’ by being too aggressive pic.twitter.com/Iro7MQXXN9
— AFP news agency (@AFP) October 11, 2018
Turning to his trade war with China (a war that markets have finally acknowledged), Trump said his protectionist policies have hurt China, but added that “I have a lot more to do.”
As Trump ramps up his attacks on the central bank, we imagine Powell is convening a meeting of the PPT as we speak…
Another 2% down in spoos and Powell can start putting his coffee cups and pencils in a cardboard box