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© Reuters.Investing.com – President Donald Trump said Tuesday the U.S. economy has exceeded expectations by a “very wide” margin even as the Federal Reserve’s previous round of tightening put the economy at a competitive disadvantage.
- Trump hailed the stunning turnaround in the U.S. economy since he took office despite monetary policy tightening by the Fed. “I did this despite a near-record number of rate increases and quantitative tightening by the Federal Reserve since I won the election,” Trump said in a speech at the Economic Club of New York.
- After years of stagnation and decline, American income and wages are rising “very fast,” with GDP growing at the fastest pace in more than a decade, surpassing that of its G7 rivals, the president added.
- The , and were higher, but roughly unchanged since the president started speaking.
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