Trump called the FED “the only problem of the US economy”

The US President Donald Trump believes that the only problem of the country’s economy is the Federal reserve system (FED). In his Twitter, he compared this system with a good golfer who can not score a ball in the hole.

“The only problem in our economy is the FED. They have no sense of the market, they do not understand the need for trade wars, a strong dollar or even a shutdown (partial suspension of the Federal government), arranged by Democrats from abroad. The FED is like a strong golfer who can’t score points because he has no gift — he can’t hit the hole!”— wrote the President of the United States.

Recall that the partial suspension of the Federal government was announced last weekend. Shutdown will affect nine of the 15 Federal agencies, including the state Department, the Ministry of justice, internal security, housing and urban construction, NASA space Agency and others.

The reason was the unresolved differences between Congress and the White house, insisting on financing the construction of the wall on the border with Mexico. According to the plan of President Donald Trump, $5.7 billion should be allocated in the budget for this project.

On Monday, the US Treasury Secretary Steven Mnuchin said that on December 24 he will hold a meeting with the presidential working group on financial markets, which includes members of the FED, the securities and exchange Commission and the Commission on futures and futures trading. It is reported that all these key regulators ” will discuss coordination with each other to ensure the normal operation of the markets»

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor