Trump Wants the US Economy Growing at Over 12% and Says the Fed Keeps Trying To 'Kill It' With Higher Rat

President Donald Trump has advocated for more flexibility in the Federal Reserve’s approach to interest rates and economic growth.

In an interview with CNBC’s Joe Kernen on Thursday, Trump suggested that the newly appointed Fed Chairman, Kevin Warsh, should be given more leeway in making decisions about rate cuts. He expressed concerns about the current board’s potential hostility and inclination towards making incorrect decisions.

The President criticized the current situation where positive economic figures often result in a stock market decline, attributing this to a “horrible derangement syndrome about inflation”. He expressed his desire to return to the previous practice, where good economic numbers would lead to a stock market rise.

Furthermore, Trump voiced his disapproval of the current practice of curbing economic growth by increasing interest rates. He also cited an example of India and Japan as countries with high GDP growth rates and stated that the U.S. shouldn’t limit itself to a 4% GDP growth but should aim for 12% to 13% GDP growth, similar to past figures.

“We’re not allowed to go up. If we go up, they want to kill it. There’s no reason we should stop at 4%. We should be at 12% and 13% GDP,” said Trump.