Tuesday 17 September 2019
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business-standard - 6 days ago

Trump asks Federal Reserve to lower interest rates to zero or less

US President Donald Trump on Wednesday called out the Federal Reserve to get its interest rates down to zero or less. The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet, he said in a tweet. The USA should always be paying the lowest rate. No Inflation! It is only the naivete of Jay Powell and the Federal Reserve that doesn t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of Boneheads, Trump said in a follow-up post.On previous occasions, Trump has frequently attacked the Federal Reserve and pressured it to lower interest rates and has time and again blamed the central bank for a recent slowdown in manufacturing, The Hill reported.Last month, the US President said he would not prevent Federal .


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