President Donald Trump united The attack on Jerome Powell, the Federal Reserve's president, is causing the New York Stock Exchange to fall more than 1,800 points last night.
Powell made a statement to the media after the monetary policy meeting on Wednesday. With one part of the text that The economy and the US labor market will be able to recover again. May take a long time While the Fed's Monetary Policy Committee (FOMC) predicted that The US economy will contract by 6.5% this year.
Mr Powell's comment and Fed's economic forecast Is one of the factors that dragged the Dow Jones stock market, New York stock market closed down 1,861.82 points or 6.90% last night.
President Trump said on Twitter personally that "The Fed has made many mistakes already. I saw those numbers already. And I believe I work better than them. I believe that our economy will be very good in the 3rd quarter and will be much stronger in the 4th quarter and 2021 will be one of our best years. We will have vaccines and treatment soon. This is my idea. Let's see! "
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