Trump commented after the Federal Open Market Committee voted unanimously to keep the federal funds rate in a range of 4.25%-4.5%. The president wrote “Jay Powell and the Fed failed to stop the problem they created with Inflation,” but did not mention the rate decision.
President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates.
“The Fed has done a terrible job on Bank Regulation. Treasury is going to lead the effort to cut unnecessary Regulation, and will unleash lending for all American people and businesses,” Trump posted Wednesday on his social media site.
