Mubasher: President Donald Trump on Monday lashed out again at the Federal Reserve, urging the US central bank to act, after an attack on Saudi Arabia’s oil installations.

President Trump via Twitter posed a question whether the Fed would “ever get into the game,” saying that the central bank and its head Jerome Powell “don’t have a clue.”

The US president urged “big interest rate drop, stimulus,” citing a strong dollar’s negative impact on US producers, referring the “oil hit” referring to Monday’s crude price rally, which was driven by the attack on Saudi Arabia’s crude processing facilities.

Trump’s criticism came ahead of the Fed’s meeting due later this week, where policymakers are set to cut rates again, probably by a quarter point.

The US central bank slashed its benchmark interest rate last July by a quarter percentage point.

By 2:16 pm GMT, the US dollar index, which gauges the greenback against six major peers, rose by 0.36% to 98.62.