'If we had a Federal Reserve that worked with us, you could have added another 25%' to the stock market' since the 2016 election, Trump says.
for what he sees as its hesitation to lower interest rates and blamed the central bank for capping gains in the U.S. economy and stock market.
Speaking from the Economic Club of New York, Trump said that since his election the S&P 500 is up over 45%, the Dow Jones Industrial Average is up over 50% and the Nasdaq is up 60%. But those numbers could be way higher, Trump claimed, if it weren't for the reluctance of the Fed. "And if we had a Federal Reserve that worked with us, you could have added another 25% to each of those numbers, I guarantee you that," Trump said.
"But we all make mistakes, don't we?" the president added. "Not too often. We do make them on occasion."Jerome PowellThe U.S. stock market has soared since Trump's victory over Hilliary Clinton in 2016, with the S&P 500 up more than 40%. the broad market index touched a new all-time high on Tuesday as investor concern over the U.S.-China trade war eased.
Though investors aren't certain whether the two nations are closet to a permanent deal, stocks have rallied to records in recent weeks in expectation of a sort-of trade truce.
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