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In a new attack .. Trump: The only problem for the US economy is the federal 24 December 2018 09:10 PM Direct: US President Donald Trump again criticized the Fed boss to blame the bank 's losses in the stock markets. Trump wrote in a tweet via Twitter on Monday that the only problem facing the US economy is the Fed. "The Fed does not feel the market and is not aware of the necessary trade wars, the strong dollar, or even the closure of the government by the Democrats because of the border dispute," he said. The Wall Street market is experiencing sharp losses on the day as the Dow Jones Industrial Average fell 500 points after the US bourse suffered its worst weekly performance since October 2008. The US government also entered a partial closure for the third time this year amid a row between Republicans and Democrats over funding the wall along the border with Mexico. He likened the Trump to a strong golfer who could not score a goal because he did not have the skill to play. Trump's eulogy was preceded by a comment by US Treasury Secretary Stephen Menuchin on his personal page on the social networking site that points to the dispute between President and Powell. "I think that increasing interest rates and reducing the Fed's portfolio is absolutely terrible to do at this time," he said. "Especially in the light of my major trade negotiations, which are still going on but I have never referred to the separation of President Jerome Powell and I do not think I have the right to do so," Trump said. Several media reports quoted by the US network "CNBC" reported that President Donald Trump is considering how to oust Jerome Powell from his post as head of the Federal Reserve. Last week , the US central bank announced a rate hike for the fourth time this year, with the pace of growth curtailing next year.
