He said that the Federal Reserve and its chairman, Jerome Powell, had “failed to stop the problem they created with inflation” and mismanaged the economy in a social media post.
Following a series of rate decreases in the latter part of last year, the Fed paused its rate hikes by leaving the benchmark interest rate in the range of 4.25% to 4.5% at its January meeting on Wednesday.
Powell stated that the bank was not “in a hurry” to make any more cuts because there was a great deal of uncertainty about the future direction of the economy.
Trump has called for widespread tariffs, the wholesale expulsion of illegal immigrants, and massive tax and regulatory savings as part of his promises to drastically alter the US economy.
Several economists have cautioned that certain measures may cause prices to rise.
