President Donald Trump renewed his attack on the Federal Reserve ahead of its meeting this week, complaining it “probably will do very little” to counteract actions by Europe and China to ease monetary policy and declaring “a small rate cut is not enough.”
U.S. central bankers are widely expected to lower interest rates by a quarter-percentage point when they gather Tuesday and Wednesday in Washington.
“The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!” he tweeted on Monday. “The Fed ‘raised’ way too early and way too much.”
