General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump says U.S. economy 'handcuffed' by Fed, wants further rate cut
Source: Reuters
Trump says U.S. economy 'handcuffed' by Fed, wants further rate cut
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday called on the Federal Reserve to lower interest rates by a full percentage point, saying the nations economy was being handcuffed by the U.S. central banks monetary policy.
Trump, speaking to reporters at the White House, said a strong U.S. dollar was hurting American manufacturers and that the Fed needed to lower rates further despite its cutting rates last month for the first time since 2008.
A full percentage point cut would be even more aggressive than the three 0.75 percentage-point reduction bond investors currently expect the Fed to make in small steps between now and January.
The Republican president did not give any other details about how he would want the Fed to proceed on carrying out such a drastic reduction.
-snip-
Read more: https://www.reuters.com/article/us-usa-fed/trump-says-u-s-economy-handcuffed-by-fed-wants-further-rate-cut-idUSKCN1UZ1MZ
Downtown Hound
(12,618 posts)that will doom whatever small chance he still has for reelection, so he's doing his best to head it off.
nykym
(3,063 posts)the interest rate on his massive debt to save a few thousand dollars.
FiveGoodMen
(20,018 posts)ALL THE TIME that Obama was in the White House, "you have to understand that the President can't really do much on his own. He doesn't have the power."
Now: He can do any goddamned thing he wants. His power would be the envy of Kings.
WTF??
democratisphere
(17,235 posts)Good chance he'll take himself out of the Presidential race with his ridiculous idiotic actions.
duforsure
(11,882 posts)He comes out accusing others , and blaming them . Its projecting a lie, which he does all the time. Tell people a lie enough and some will believe it, and exactly what he does, and often. Putin is behind his policies designed to hurt our economy .
RichardRay
(2,611 posts)Even if it is only an undergraduate degree.