Trump criticized the US Federal Reserve

“The European Central Bank, acting quickly, reduced the rate by 10 basis points. They are trying and succeed in depreciating the euro against a very strong dollar, which is detrimental to US exports ... And the Fed is sitting and sitting and sitting, ”he wrote on Twitter.

European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting US exports .... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!

The American leader accused the Fed of inaction, because of which Americans pay interest.

Earlier, the Governing Council of the European Central Bank (ECB) decided to keep the base interest rate at a record low of 0%.

At the same time, the interest rate on the deposit will be reduced by 10 basis points to -0.50%.