Trump: Federal Reserve holding US economy back

First Trust Advisors chief economist Brian Wesbury discusses the Federal Reserve, job numbers and more.

President Trump again blamed the Federal Reserve for holding back the economy, saying the U.S. has "unlimited potential."

"The Fed doesn't have a clue," Trump tweeted Tuesday as U.S. policymakers began the first of a two day meeting.

He was responding to a FOX Business "Varney & Co." segment that discussed negative central bank interest rates in Europe and Japan.

Trump said U.S. central bank officials should follow their lead.

"The Fed doesn't have a clue! We have unlimited potential, only held back by the Federal Reserve. But we are winning anyway!"

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A decision on interest rates will come Wednesday after the bank's seventh policy meeting of 2019. Observers expect the Fed to cut the target rate by 25 basis points, to a range of 1.50 percent to 1.75 percent.