Jitters in stock markets and fears for the overall US economy have only one cause – the Federal Reserve (Fed), President Donald Trump said in a statement on Monday.
“The only problem our economy has is the Fed,” Trump said via Twitter. “They don’t have a feel for the market, they don’t understand necessary trade wars or strong dollars or even Democrat shutdowns over borders.”
As the weekend approached, Trump’s criticism shifted to a discussion of whether to fire Federal Reserve Chairman Jerome Powell, according to media reports that were subsequently denied by Treasury Secretary Steven Mnuchin on Monday.