the Federal Reserve on Monday for raising interest rates too quickly and giving the Chinese an upper hand in trade negotiations.
"They devalue their currency, they have for years: It's put them at a tremendous competitive advantage. And we don't have that advantage because we have a Fed that doesn't lower interest rates," Trump told CNBC's Joe Kernen on ". " "We should be entitled to have a fair playing field, but even without a fair playing field — because our Fed is very, very disruptive to us — even without a fair playing field we are winning.
"Don't forget: the head of the Fed in China is President Xi ... he can do whatever he wants," Trump said., whom he appointed as Fed chairman, and other central bank members for hiking interest rates four times in 2018, a policy that made borrowing more expensive for banks and businesses.
"It's more than just Jay Powell — we have people on the Fed that really weren't — they're not my people. But they certainly didn't listen to me because they made a big mistake: They raised interest rates far too fast," Trump told CNBC. "That's No. 1." "No. 2: they did quantitative tightening: They were taking in $50 billion a month — 50 billion a month. And they've now eased that, but it's still $25 billion a month, which is ridiculous. Now, China's doing just the opposite. They're pumping money in. So I'm winning, but I'm not winning on a level table," he said.
Source: Loan Digest (loandigest.net)
Maybe he should go and be president of China..or some other dictatorial 1984 cult of personality country
Goldbroker_com Xi to Trump
China says Xi controls every aspect of China's government.
He knows too little about China
Trumps can’t run there company’s! So why expect him to do good with America
President is probably too busy to run a central bank and act as a president at the same time. But president should always have some sort of influence on central bank. I thought that is kind of a international standard. Doesn't Trump also have some influence on Fed Reserves?
WAIT TILL XI FINDS OUT THAT TRUMP ADMINISTRATION IS RESPONSIBLE FOR THE HONG KONG PROTESTS!
We don’t want king Cheeto running the money supply. He can’t even run his own damn White House
He acts like he’s a genius for saying low rates stimulate the economy in the short run. No shit, Sherlock. But then the dollar will be worthless in 25 years and we’ll have Silicon Valley prices for houses in every state.
I like Red Meat
CNBC with “breaking news” from last Monday 😉
Trump wants to run the fed because he is a financial genius
Does realDonaldTrump know China is a communist dictatorship and that the USA is a representative democracy?
Trump suffers from dictator envy. So dangerous.
Shorter: 'I should rule over the Fed.'
realDonaldTrump USTreasury SecPompeo thehill Major banks like Bank of China is SOE. Any bank with keyword China is SEO such as China Construction Bank, China Agriculture Bank etc.
2% would be fine for the next 6 years. Send Powell on a world tour if necessary. tt: POTUS
why doesn't he just say China's political system is better.
The Fed is socialism for rich people
And you can’t, so you’re jealous! Suggestion, move to China
That’s why the world has doubts about China’s rising power
They are Communists with no Rule of Law. Is that what we want to become. We know he does.
trump is a farting machine.
lol is the interest rate on mr trump's kremlin loans linked to the fed's prime rate?
He's not wrong about any of those statements. -- This time.
Patient
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