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Trump: Fed is the ‘only problem our economy has’



President Donald Trump took to Twitter on Monday to lash out at the Federal Reserve, saying it’s the only problem with the US economy.

“The only problem our economy has is the Fed,” Trump tweeted Monday.

“They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!”

Monday’s attack from Trump comes after US equity markets opened sharply lower in a holiday-shortened session. The Dow Jones Industrial Average was down more than 400 points, or 1.84%, after Treasury Secretary Steven Mnuchin moved to calm markets on Sunday by announcing that he spoke to the CEO of the country’s six-largest banks and that they reassured him that they have “ample liquidity.”

Mnuchin said he would speak with the President’s Working Group on financial markets, which includes the the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, on Monday.

This story is developing…

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