- The Washington Times - Friday, March 22, 2019

President Trump said Friday the Federal Reserve prevented the country’s 2018 gross domestic product from hitting 4 percent, Fox Business reported.

“If we didn’t have somebody raising interest rates and do quantitative tightening, we would have been over 4 [percent] instead of at 3.1 [percent]” in terms of growth, Mr. Trump told Fox Business. “The world is slowing, but we’re not slowing.”

The president still voiced his excitement for the announced GDP on Twitter, saying it is the “BEST NUMBER IN 14 YEARS!”

Mr. Trump’s comments come after the Federal Reserve chose to keep rates steady and announced it expected to not raise them in 2019.

The president was critical of the Federal Reserve for raising rates four times last year, calling them “crazy” in October after its fourth hike.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide