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The Fed: Fed is ‘like a stubborn child’ for not cutting interest rates last week, Trump says

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President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden in November 2017.

The Federal Reserve’s brief four-day respite from criticism by President Donald Trump ended abruptly Monday when the president tweeted that the central bank was acting like a stubborn child for refusing to cut interest rates last week.

In two tweets early Monday morning, the president said the Fed doesn’t know what it is doing.

“Now they stick, like a stubborn child, when we need rate cuts & easing”

President Donald Trump

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