He made a corresponding statement on his Twitter page.
“Three more central banks are cutting rates. Our problem is not in China - we are stronger than ever, money is pouring into the United States, while China is losing companies, and their currency is under siege, our problem is the Federal Reserve, ”he wrote.
According to Trump, the Fed is too proud to admit its mistake regarding the correctness of its actions.
“They should lower the rate more and faster, and stop their ridiculous quantitative tightening of politics right now,” the head of the United States added.
Earlier, the US Federal Reserve System for the first time in 10 years reduced the base rate to 2-2.25% from 2.25-2.5%.