Washington– President Donald Trump cited India as one of the world’s fastest-growing major economies while arguing that the United States should pursue significantly higher growth without being held back by concerns over inflation and interest rates.
In an interview with CNBC, Trump praised India’s economic performance and criticized the Federal Reserve for what he described as an overly cautious monetary policy.
“You have a couple of countries, India is one, doing very well, but it’s at 7, 8 per cent,” Trump said.
“We’re not allowed to go up. If we go up, they want to kill it.”
Trump said the United States should aim for much faster economic expansion.
“There’s no reason we should stop at 4 per cent. We should be at 12 and 13 per cent GDP.”
His comments came after the release of stronger-than-expected U.S. employment data and amid renewed debate over…
