A political analyst says that US President Donald Trump is ignorant about the roles the Federal Reserve plays in the country and criticizes the system for no good reason.
Michael Springmann, a former US diplomat in Jeddah, Saudi Arabia, made the remarks on Tuesday when asked about Trump who renewed his verbal assault against the Federal Reserve on Monday.
“The only problem our economy has is the Fed,” Trump tweeted. “The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!”
The Federal Reserve is meant to be independent from the White House but Trump has trampled those barriers in his frustration at what he sees as the bank’s harmful interest rate policies.
He has previously called the Fed, which angered him by hiking rates last week, “crazy” and a greater economic threat to the United States than China.
Springmann told Press TV that “Donald Trump’s ranting and raving about the Federal Reserve System…