Trump Blasts Fed, Says ‘Horrible Derangement Syndrome’ on Growth and Inflation Has Infected Central Bank

President Trump is rejecting modest economic targets and insisting the U.S. can achieve explosive double-digit GDP growth instead of settling for 4%.

In a new interview with CNBC, Trump challenges the idea that U.S. growth is capped at conventional levels.

“There’s no reason we should stop at 4%. We should be at 12% and 13% GDP. And I hate what happens where in the old days we would be. That’s how we built the country.”

While praising the incoming Fed Chair Kevin Warsh, Trump slams the Federal Reserve for raising interest rates on positive news, suggesting deliberate efforts to curb such expansion.

“He’s a great guy and a great pro, and I know where he’d like to be, but he has to do what he has to do.

I really think that I would love to be able to get back, you know, in the old days… If you go back 20 or 25 years, when you announced great numbers, the stock market went up. When you announced bad numbers, the stock market would go down. Today, it’s the opposite.

When you announce good numbers, the stock market goes down, sometimes really way down… Because [Fed Governors] have this phobia, they have this horrible derangement syndrome about inflation and growth can be good for inflation, not just bad for inflation, and it’s a shame, any time numbers are announced that are not so good.”

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The post Trump Blasts Fed, Says ‘Horrible Derangement Syndrome’ on Growth and Inflation Has Infected Central Bank appeared first on The Daily Hodl.