President Donald Trump slammed Chairman of the Federal Reserve Jerome Powell on Wednesday in a tweet. Trump said Powell "let us down" because he didn't announce an "aggressive rate-cutting cycle."
"What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world," Trump wrote.
"As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place - no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve," Trump added.
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