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
