Trump demands election-year rate cut from the Federal Reserve

[Yo_Mama_Been_Loggin]

WASHINGTON — President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point “over a fairly short period of time,” saying that such an action would make the U.S. economy even better and would also “greatly and quickly” enhance the global economy.

In two tweets Monday, Trump kept up his pressure on the Fed and its chairman Jerome Powell, saying the U.S. economy was strong “despite the horrendous lack of vision by Jay Powell and the Fed.”

Powell is Trump’s hand-picked choice for the top Fed job.

He said Democrats were trying to “will” the economy to deteriorate ahead of the 2020 election.

Trump administration officials in recent days have sought to calm worries about a potential U.S. recession that were heightened by last week’s steep stock-market decline.

https://www.heraldnet.com/business/trump-demands-election-year-rate-cut-from-the-federal-reserve/?utm_source=DAILY+HERALD&utm_campaign=a15500471f-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-a15500471f-228635337

[The Velveteen Ocelot]

1. Low interest rates don't benefit everybody.

They hurt retirees whose nest eggs often consist of bonds and CDs. Old people vote, too.

[TheFarseer]

4. You'd think

This would annoy his older voters but somehow it doesn’t. It will be a shame when we are in a recession and the rates have already been cut and there’s it much the government can do to help.

[HAB911]

6. that's the truth

just collecting on a CD @ 2.5%, replacement would only be 1.75%, it's the chits.

[The Velveteen Ocelot]

8. Take advantage of the inverted yield curve.

My credit union is offering 13-month CDs at 2.24% while their 3-year CDs go up to only 1.95%.

[flamingdem]

2. Yep, a BIG BABY

Whaaaaa where's my rate cut whaaaaaa.

[exboyfil]

3. Need I say it

If a Democratic president challenged the independence of the Fed, the conservatives would be carrying pitchforks and torches (well they are already carrying torches for a different reason).

[TheRealNorth]

5. Don the CON Desperately trying to keep the economy afloat

Until after the 2020 election.

[Control-Z]

7. We are a powerful party:

He said Democrats were trying to “will” the economy to deteriorate ahead of the 2020 election.

[Renew Deal]

9. Trump is panicking

That’s dangerous for the economy

[roamer65]

10. If I were Fed chair I'd hike it 25 basis points just to piss him off.