President Trump on Tuesday blamed the Federal Reserve for a recent slowdown in manufacturing, a key sector he promised to revive as a candidate.
“The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of the world,” he tweeted. “Our Fed has been calling it wrong for too long!”
The manufacturing sector’s output has shrunk for two consecutive quarters, meeting the widely accepted definition of a recession. It has been among the hardest-hit sectors from Trump’s escalating trade war with China.
View the complete August 27 article by Niv Elis on The Hill website here.