US President Donald Trump accused US Federal Reserve President Jerome Powell of failing to do his best to support the economy and criticized the Fed’s rate cut by 25 basis points.
“He let us down.”
Donald Trump reacted to Fed President Powell on his official Twitter account. “This would help us compete with China, the European Union and other countries. But as usual, Powell let us down,” Trump said, expecting the market from the Fed and Powell to be a long-term and aggressive rate cut.