August 30, 2019 / 2:14 PM / 16 days ago

Trump claims euro dropping 'like crazy' against dollar, blames Fed

WASHINGTON, Aug 30 (Reuters) - U.S. President Donald Trump on Friday accused the U.S. Federal Reserve Bank of inaction as the euro slides in value against the dollar, a failing he charged gives European countries a big trade advantage.

“The Euro is dropping against the Dollar ‘like crazy,’ giving them a big export and manufacturing advantage...and the Fed does NOTHING!” Trump said in a Twitter post.

“We don’t have a Tariff problem (we are reigning in bad and/or unfair players), we have a Fed problem. They don’t have a clue!” said Trump, a frequent critic of Fed policies.

Reporting by David Alexander; Editing by Tim Ahmann

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