U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve, walks to the podium at the White House on Nov. 2, 2017.Carlos Barria/Reuters
President Donald Trump launched a fresh attack on the U.S. Federal Reserve on Tuesday as policymakers opened a two-day meeting that was expected to end with a decision to lower interest rates.
“The Fed doesn’t have a clue! We have unlimited potential, only held back by the Federal Reserve,” Trump said on Twitter.
Trump, in a departure from his White House predecessors who refrained from commenting on Fed policy, has made a habit of criticizing the U.S. central bank for decisions he argues kept borrowing costs too high for too long.