|21 August, 2019

Trump heaps pressure on Fed, Fed chair Jerome Powell

"We are competing with many countries that have a far lower interest rate, and we should be lower than them," he said.

Federal Reserve Governor Jerome Powell delivers remarks during a conference at the Brookings Institution in Washington August 3, 2015.

Federal Reserve Governor Jerome Powell delivers remarks during a conference at the Brookings Institution in Washington August 3, 2015.

REUTERS/Carlos Barria

WASHINGTON- President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank's chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country's ability to compete economically.

"Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He's like a golfer who can't putt, has no touch. Big U.S. growth if he does the right thing, BIG CUT - but don't count on him!" Trump wrote on Twitter.

"We are competing with many countries that have a far lower interest rate, and we should be lower than them," he added.

(Reporting by Makini Brice; Editing by Doina Chiacu) ((M.Brice@thomsonreuters.com; +1-202-310-5675; ;))

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