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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.

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