Trump says GDP would be near 4% and the Dow would be up to 10,000 points higher if it weren't for the Fed

. We had things happen that are very unusual to happen," Trump told CNBC's Joe Kernen in an interview from the World Economic Forum in Davos, Switzerland.would be even higher than its already record-setting highs if the Fed hadn't raised rates so quickly before cutting them three times during 2019.

"Now, with all of that, had we not done the big raise on interest, I think we would have been close to 4%," Trump said. "And I – I could see 5,000 to 10,000 points more on the Dow. But that was a killer when they raised the rate. It was just a big mistake.", to task for raising rates too quickly, in his view. Trump nominated Powell to the role in November 2017, and the Fed raised rates four times in 2018.

The president's remarks Wednesday echoed those his top economic advisor, Larry Kudlow, made to CNBC on Tuesday, when he predicted 3% growth in U.S. gross domestic product in 2020.Kudlow said TuesdayManufacturing and trade data released this month suggested the American economy ended 2019 on a strong note. The economy is expected to grow more than 2% in the fourth quarter. That would represent a slowdown from the 2.

He means if tariffs and a trade war hadn’t been imposed.

Trump doesn’t want negative interest rates to pay off debt but to borrow more money cheaply.

What a great interview. PRESIDENT TRUMP is has clear and concise report on the American economy . The dollar is very strong. The Fed's need to bring down the interest rates to help with manufatory starts.Great economy! Best wall street numbers etc. So much more !

Strong economy with 60%-70% of Americans living paycheck to paycheck thanks to low inflation. But yeah, Dow +10,000 points if the Fed blablabla.

Trump is not very good with money.

He’s right

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