“Companies and jobs are leaving (from China. - RT ). Prices for us have not increased, and in some cases have decreased. China is not our problem, although the situation around Hong Kong does not help. Our problem is the Fed, ”said Trump.
We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut ....
- Donald J. Trump (@realDonaldTrump) August 14, 2019According to the US president, the financial regulator "too fast and high" raised the base interest rate.
Earlier, the US Federal Reserve System for the first time in ten years reduced the base rate to 2-2.25% from 2.25-2.5%.
Subsequently, Trump called the Fed the problem of the United States, adding that the regulator is “too proud” to admit its mistake regarding the correctness of its actions.