October 31, 2019 / 2:47 PM / 21 days ago

Trump blasts Fed after rate cut, says hurting U.S. competitiveness

WASHINGTON, Oct 31 (Reuters) - U.S. President Donald Trump on Thursday launched a broadside attack on the U.S. Federal Reserve and its chairman, Jerome Powell, saying the central bank’s policies were hurting U.S. competitiveness.

“The Fed puts us at a competitive disadvantage. China is not our problem, the Federal Reserve is,” Trump said on Twitter, adding that interest rates in the United States should be lower than Germany, Japan “and all others”. (Reporting by Tim Ahmann; Editing by David Clarke)

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