Trump: Stock market would be up 5K-10K points if Fed 'had done its job properly'
Washingtonexaminer.com - Mon 15 Apr 04:59 GMT

President Trump said Sunday the Federal Reserve should return to a policy of quantitative easing, arguing against a tightening monetary policy that he sees as hurting the U.S. economy.

Trump: Stock market would be up 5K-10K points if Fed 'had done its job properly'

  President Trump said Sunday the Federal Reserve should return to a policy of quantitative easing, arguing against a tightening monetary policy that he sees as hurting the U.S. economy.

  Trump has criticized Federal Reserve policy in the past, blasting it for raising interest rates too quickly at the end of last year.

  It was reported Trump had private discussions about firing Federal Reserve Chairman Jerome Powell, although Powell said he doesn’t believe that Trump has the authority to fire him.

  Despite his criticism of Powell and the Federal Reserve, Trump has backed off of notions about firing the chairman, recently telling Powell, “ I guess I’m stuck with you.”

  The critical tweet comes as Trump has faced backlash for his plans to nominate businessman Herman Cain and Stephen Moore to the Federal Reserve’s Board of Governors.