Estimated reading time: 0 minutes, 30 seconds

Trump: Fed 'Boneheads' Should Cut Rates to Zero or Less

President Donald Trump has said Federal Reserve officials are “boneheads,” calling on the Fed and its Chairman Jerome Powell to lower interest to zero or potentially below. So reports USA Today.

-more-->In consecutive tweets, Trump wrote that the Fed is passing up “a once-in-a-lifetime opportunity” to rev up the economic engine by loosening monetary policy.

Powell, who said earlier this month the Fed was not forecasting a recession, has declined to directly weigh in on Trump’s criticisms. Previously, American Presidents have generally refrained from using their bully pulpit to influence interest rates.

Read the full article from USA Today

Read 1672 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.