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Tue Jun 11, 2019, 01:12 PM

Trump targets euro, renews attack on Federal Reserve

U.S. President Donald Trump accused Europe of devaluing the euro zone's single currency in a series of tweets Tuesday that also targeted U.S. monetary policy with renewed attacks on the U.S. central bank.

"The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage," Trump tweeted without offering any evidence.

He also slammed U.S. interest rates for being too high and criticized the U.S. Federal Reserve.

"The Fed Interest rate way to(o) high, added to ridiculous quantitative tightening! They donít have a clue!" wrote Trump, who has long broken with decades of precedent set by previous U.S. presidents who distanced themselves from the nation's monetary policy.

https://www.msn.com/en-us/money/markets/trump-targets-euro-renews-attack-on-federal-reserve/ar-AACIso3?li=BBnbfcN

As I've stated before, the last president who tried to fuck with the Fed was Richard Nixon. The result was double digit inflation.

It's bad enough prices on many goods are already higher due to Trump's tariffs.

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