Trump says Federal Reserve is holding back stock market, economy

President TrumpDonald John TrumpDavid Axelrod after Ginsburg cancer treatment: Supreme Court vacancy could 'tear this country apart' EU says it will 'respond in kind' if US slaps tariffs on France Ginsburg again leaves Supreme Court with an uncertain future MORE on Sunday said the Federal Reserve has held back the stock market and the economy, claiming that the stock market and GDP would be improved if the Fed "had done its job properly."

Trump claimed the stock market would be "up 5000 to 10,000 additional points" and GDP would be "well over" 4 percent.

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"If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!" he tweeted.
Trump has previously attacked the Fed on numerous occasions, often criticizing the central bank for raising interest rates.
 
The president said in a tweet earlier this month that the economy was "looking very strong" despite "unnecessary and destructive actions taken by the Fed." He said in March that GDP and the stock market would both be "much higher" if the Fed hadn't "mistakenly raised interest rates."
 
"Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0% GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!" he tweeted at the time.