President Trump said the Fed has raised rates too high and that its policy of shrinking its bond portfolio is 'ridiculous'
President Trump renewed his criticism of the Federal Reserve Tuesday morning on Twitter, saying that the Fed has raised rates too high and that its policy of shrinking its bond portfolio is “ridiculous.”
The president has repeatedly berated the Federal Reserve for raising interest rates during his time in office, and for its decision two years ago to slowly shrink its $3.8 trillion asset portfolio, a process sometimes referred to as “quantitative tightening.” Mr. Trump has blamed the policies for harming the economy, and placing...
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