US President Donald Trump renewed his verbal assault against the Federal Reserve on Monday, comparing the central bank to a blundering golfer after the stock market tanked yet again.
“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.
Reports that Trump was even sounding out cabinet members on whether he had authority to fire Fed Chairman Jerome Powell forced Treasury Secretary Steven Mnuchin to spend much of the weekend in damage control mode.
A lifelong real estate developer, Trump has touted the booming US…