President Donald Trump highlighted the success of the economy while speaking at the “Economic club of New York” on Nov. 12, attributing the boom in growth and jobs to his policies.
Trump told guests at the New York Hilton that his administration has delivered on his promises and far exceeded expectations.
Likewise, he pointed to the economy’s 10th year of uninterrupted expansion and near record-low unemployment—which he attributes to his tax, trade, and deregulation policies.
“We have ended the war on American workers. We have stopped the assault on American industry, and we have launched an economic boom the likes of which we have never seen before,” Trump said.
Trump reiterated his disapproval of the Federal Reserve’s actions since he won the election. He criticized the Fed’s quantitative tightening and eight rate increases, which he called, “far too fast an increase and far too slow a decrease.”
“Because remember, we are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest,” Trump said.
He added that the Fed “doesn’t let us play at that game.”
“It puts us at a competitive disadvantage to other countries.”
Wall Street also watched the president’s remarks closely, looking for signs that might hint at the future of the economy.
One such sign is the first step of a broader U.S.-China trade deal—which trump said “could happen soon.”
