Trump claims stock market would be 10,000 points higher if Fed didn't raise interest rates
The central bank held rates steady at its March meeting and minutes released last week showed it does not expect any hikes "for some time."That marks the Dow's fifth consecutive weekly decline, its longest streak since 2011.
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC.President Donald Trump criticized the Federal Reserve for raising interest rates, claiming that economic growth in the U.S. would have been higher than 3% and the stock market would be 7,000 to 10,000 points higher.
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