“Our miserable, slow Fed, led by Jerome Powell, who raised the rate too quickly and lowered too late, cut the rate to the level of our competing countries. Now they have an advantage of two points with even greater foreign exchange assistance, ”the American leader wrote on Twitter.
On March 3, the US Federal Reserve lowered its key rate from 1.5-1.75% per annum to 1-1.25%. This happened against the backdrop of developing risks caused by the situation with coronavirus.
Trump supported this decision and urged to continue to reduce the rate.
According to a leading expert at the Center for Political Technologies, Nikita Maslennikov, the decision may be temporary and be valid until the markets stabilize.