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Trump says US Federal Reserve 'too proud to admit mistakes'

US President Donald Trump
US President Donald Trump [Photo, Courtesy]

US President Donald Trump said on Wednesday the US Federal Reserve must cut rates “bigger and faster” for the United States to be competitive against other countries.

“Our problem is a Federal Reserve that is too proud to admit their mistake of acting too fast and tightening too much (and that I was right!). They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW,” Trump said in a series of Twitter posts.

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