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Trump Says Federal Reserve 'Doesn't Know What It's Doing'

U.S. President Donald Trump on Friday lobbed another attack on the Federal Reserve, accusing it of incompetence for failing to stimulate the economy.

The Fed "doesn't know what it's doing," he told reporters at the White House.

Wall Street stocks were lower on Friday morning, with investors believing strong June jobs data could make the Fed less likely to cut interest rates this month.

Source: Agence France Presse


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