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US President Donald Trump renewed his attacks on the Federal Reserve, suggesting the central bank is harming U.S. interests out of ignorance.
“Our most difficult problem is not our competitors, it is the Federal Reserve,” Trump said in a Twitter post late Friday. The Fed had “raised rates too soon, too often” and “doesn’t have a clue,” he said.
Trump’s latest onslaught on Fed Chairman Jerome Powell and the world’s most powerful central bank sharpens the debate over whether interest rates will be lowered at all this month after hiring in June smashed expectations, which eased pressure on the Fed
