[size=30]Trump absolves himself of responsibility for weak growth and accuses the policies «central»[/size]
Sunday March 31, 2019
Federal Reserve Archives
Washington: Middle East
The US economy slowed in the fourth quarter of last year more than expected at 2.2 percent, keeping growth in 2018 below the 3 percent target set by the Bush administration.
"If the Federal Reserve did not make a mistake in raising interest rates, especially with a low rate of inflation," Trump said yesterday, the GDP growth would have been 3 percent, the stock market would have been much higher, and financial markets would have been better off. .
Earlier on Friday, his chief economic adviser, Larry Kudlow, launched the attack and urged the Fed to cut interest rates to protect the US economy from slowing global growth.
In an interview with CNBC, Kudlo assured the channel that interest rates should be cut "out of reserve". "We do not want such a threat," he said. "It reflects the president's point of view."
"There is no inflation on the horizon. I think the Fed has done what it did when it raised interest rates by 4 percentage points in 2018, the latest in December, the most controversial increase. "We do not want to jeopardize the American economy," he said.
Bloomberg said the comments came after a report that Stephen Moore, who plans to nominate President Donald Trump for the Federal Reserve, supports a half-percentage point cut.
The rise in interest comes at a time when most economists and institutions, with the exception of the White House, expect a decline in US growth in 2019 and 2020, according to AFP.
The Fed recently cut its growth forecast to 2.1 per cent in 2019 and 1.9 per cent in 2020, while Trump said the economy would grow by 3.2 per cent in 2019.
The Federal Reserve left interest rates unchanged last week, Borrowing for 2019.
Members of the Federal Reserve's Federal Open Market Committee (FOMC) expected earlier this month to keep interest rates at current levels throughout the year, while members expected in December to increase interest rates twice a year As the US economy is hurt by the slowdown in global economic growth.