Experts horrified by Trump's demand for the Fed to inject massive amounts of money into the economy
President Donald Trump/Screenshot

On Friday, President Donald Trump continued his mounting attacks on the Federal Reserve.


"I personally think the Fed should drop rates, they've really slowed us down," Trump told reporters before boarding Marine One. "There's no inflation. In terms of quantitative tightening, it should be quantitative easing."

Quantitative easing is a process in which the Fed buys financial assets to directly inject huge amounts of money into the economy. It's meant as a last resort for softening recessions, not a quick way to inflate jobs numbers for political gain. Trump is basically calling for the Fed to let inflation run wild.

Trump's remarks prompted horror on social media:

One of Trump's fiercest critics was former Republican National Committee chairman Michael Steele, who noted the obvious contradiction in Trump's rhetoric on the economy: