President Donald Trump called on the Federal Reserve to “match” what he said China would do to offset economic hardship being caused by tariffs as he sought to draft the U.S. central bank into his simmering trade war.
“China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing,” the president said in a tweet Tuesday. “If the Federal Reserve ever did a ‘match,’ it would be game over, we win! In any event, China wants a deal!”
The president later told an audience in Louisiana that “with a little quantitative easing” U.S. growth would hit 5%, referring to the Fed’s emergency bond purchases following the 2008 crisis. The campaign was unpopular with many of Trump’s fellow Republicans, who said it would cause a surge in inflation.
