President Donald Trump early on Monday again criticized the Federal Reserve for its current series of interest-rate increases, days before the U.S. central bank is expected to push up interest rates again.
“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!” Trump wrote in a tweet.
Almost all economists expect the Fed to raise rates again at its meeting this week, while many also see the central bank making increases next year, although at a slower pace in the face of a possible economic recession.
Trump has loudly and frequently blasted the Fed in recent months for this year’s tightening, especially as volatility has rocked the stock market and yields in the Treasury bond market have begun to show signs of a possible recession in the near future. In an interview with Reuters last week, Trump said he needed the flexibility of lower interest rates to support the broader U.S. economy as he fights a growing trade battle against China, and potentially other countries.
Reporting by Lisa Lambert and Susan Heavey; Editing by Chizu Nomiyama
Trump campaign’s ‘stunningly incompetent’ strategy exposed by former federal prosecutor
The Trump campaign is still racking up legal losses in the courts, and even some wealthy GOP donors are reportedly pushing the party to pull the plug on Trump's efforts to overturn the results of the 2020 election.
Attorney Ken White, a former federal prosecutor, has taken a look at some of the Trump campaign's latest legal filings and has found them to be equal parts "shockingly ridiculous" and "stunningly incompetent."
WATCH: Trump shamed Thanksgiving turkey for refusing to concede White House pardon contest
It was just two years ago that President Donald Trump mocked a Thanksgiving turkey for refusing to concede the election for a White House pardon. As Thanksgiving 2020 approaches, Trump has officially become that turkey.
"This was a fair election... unfortunately, Carrots refused to concede and demanded a recount," Trump announced about the battle between Carrots and Peas.
"We're still fighting with Carrots," he joked in a speech. "And I will tell you, we've come to a conclusion: Carrots, I'm sorry to tell you, the results did not change. Too bad for Carrots."
It's unclear if Carrots still maintains the election was rigged, as President Trump does about the 2020 election. He joined Peas at Virginia Tech’s “Gobblers Rest” exhibit in Blacksburg, Virginia. There students and veterinarians within Virginia Tech’s Department of Animal and Poultry Sciences in the College of Agriculture and Life Sciences care for all turkeys given a pardon.
Security guard interrupts COVID-denier’s speech and quits on the spot: ‘She’s trivializing the Holocaust’
A video from Germany is circulating on social media, showing a COVID-denier addressing a rally, only to have her speech interrupted by a security guard who was disgusted by her comparisons of pandemic restrictions to the Holocaust.
“I feel like Sophie Scholl, since I've been active in the resistance, giving speeches, going to protests, distributing flyers," the woman says to the audience, referring to the famous "White Rose" resistance fighter who opposed the Nazis during World War II.