Economy

Trump says very low inflation in US ‘a good looking factor’

Low inflation is a “stunning factor”, Donald Trump mentioned on Tuesday as he renewed his assault on the Federal Reserve and urged currencies together with the euro have been “devalued towards the greenback”.

The US president’s feedback, on Twitter, got here moments forward of the discharge of producer worth information which are anticipated to point out a moderation in wholesale worth inflation for Could and forward of shopper worth index information on Wednesday.

Responding to a tweet from Bloomberg’s opinion writers asking how European landmarks would possibly be capable to “cease vacationers from coming”, Mr Trump mentioned: “It is because the Euro and different currencies are devalued towards the greenback, placing the U.S. at a giant drawback. The Fed Rate of interest method to excessive, added to ridiculous quantitative tightening! They don’t have a clue!”

He adopted up with a separate tweet, saying: “The USA has VERY LOW INFLATION, a good looking factor!”

Extra to come back.

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