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"The economy is doing very well. The Fed can easily set a record for growth, "Trump said on Twitter.
New claims for unemployment benefits fell sharply last week, showing a strong job market, according to data released by the U.S. government on Thursday. But another report says that manufacturing contracted for the first time in nearly 10 years, and U.S. Treasury bond yields again flashed signs that a recession was brewing.
The Federal Reserve's efforts to tighten monetary policy for three consecutive years ended last year. Last month, the Federal Reserve changed course and cut interest rates by 25 basis points, the first rate cut since 2008.
Trump has repeatedly said that the Federal Reserve pushed borrowing costs too high and cut interest rates too slowly, making the dollar stronger, making it more difficult for American manufacturers to compete in the global market.
This week, he called on Fed officials to cut interest rates by at least one percentage point.
This is usually done when the economy collapses, but Trump and other White House officials continue to say that the U.S. economy is strong, with strong retail and job market data.
On Thursday, Trump expressed regret on Twitter about the high US interest rates relative to global rivals, pointing out that German 30-year bond yields were negative.
"Germany competes with the United States. Our Federal Reserve does not allow us to do what we have to do. They move like quicksand. Either fight or go home!"


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