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'Don't blow it!' Trump ramps up pressure on the independent Fed, saying it has a 'faulty thought process'

'Don't blow it!' Trump ramps up pressure on the independent Fed, saying it has a 'faulty thought process'
AP Photo/Pablo Martinez Monsivais



President Donald Trump again slammed the Federal Reserve on Friday for its policy decisions, saying there was a "faulty thought process" going on there.




That marked the latest broadside on the independent central bank, adding to an unprecedented campaign as his 2020 reelection campaign heats up.




The president has separately attempted to install political allies at the top of the central bank and suggested the US artificially weaken the dollar.




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President Donald Trump again slammed the Federal Reserve on Friday for its policy decisions, adding to an unprecedented amount of pressure on the independent central bank as his 2020 reelection campaign heats up.
"We are in a World competition, & winning big,.......but it is no thanks to the Federal Reserve. Had they not acted so fast and 'so much,' we would be doing even better than we are doing right now," the president wrote on Twitter. "This is our chance to build unparalleled wealth and success for the U.S., GROWTH, which would greatly reduce % debt. Don't blow it!"
The tweet was just the latest in a long string of broadsides Trump has aimed at the Federal Reserve in recent months. Eyeing the 2020 elections as the economy slows, he has increasingly sought to influence interest rate decisions there.
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