Donald Trump pops & # 39; bones & # 39; at Federal Reserve and says interest rates & # 39; zero or less & # 39; must be
- Donald Trump struck the & # 39; bones & # 39; at the Federal Reserve for not lowering interest rates and saying that they are & # 39; zero or less & # 39; had to be
- Trump has pressured the Federal Reserve president Jay Powell to lower rates amid concerns that the US would be on its way to recession
- & # 39; The Federal Reserve should lower our interest rates to zero or less, and then we should refinance our debt, & # 39; tweeted Trump
- & # 39; A unique opportunity that we are missing because of & # 39; Boneheads & # 39;, & # 39;
- Trump has made the economy his central selling point in his re-election
Donald Trump knocked on Wednesday & # 39; bones & # 39; with the Federal Reserve for not lowering interest rates, which according to the president & # 39; zero or less & # 39; should be.
Trump has put pressure on Federal Reserve president Jay Powell to lower rates amid concerns that the US would be on its way to recession. The president has made the economy his central selling point in his re-election campaign in 2020.
He argued that an interest rate would allow the US to refinance our debt & # 39; and criticized the central bank for missing a & # 39; once in a lifetime opportunity & # 39 ;.
Donald Trump struck the & # 39; bones & # 39; at the Federal Reserve for not lowering interest rates and saying that they are & # 39; zero or less & # 39; had to be
Trump has pressured the Federal Reserve president Jay Powell to lower rates amid concerns that the US would be on its way to recession
& # 39; The Federal Reserve should lower our interest rates to zero or less and then we should refinance our debt. INTEREST COSTS CAN BE REMOVED, and at the same time extend the duration considerably. We have the big currency, strength and balance & # 39 ;, he wrote on Twitter.
& # 39; The US should always pay the lowest rate. No inflation! It is only the naivety of Jay Powell and the Federal Reserve that does not allow us to do what other countries are already doing. A unique opportunity we miss because of & # 39; Boneheads & # 39 ;, he added.
Powell is a regular target of Trump & # 39; s anger for not lowering rates.
But the Federal Reserve is an independent agency and not subject to the president's demands.
The government has publicly tripped the concern that the US might be in recession next year – since Trump is asking voters to send him back to the White House – but they are said to be worried.
A Washington Post / ABC News poll Tuesday showed the president only 36 percent approval with voters citing fears of rising prices due to his trade war with China and concerns about the economy.
The poll showed that Trump's economic approval rating dropped from 51 percent in early July to 46 percent, with 47 percent disapproving.
In addition, six in 10 voters said a recession the following year & # 39; very likely & # 39; or & # 39; somewhat likely & # 39; is.
& # 39; The economy is strong and continues to grow & # 39 ;, Trump campaign director Tim Murtaugh told DailyMail.com Monday night at the presidential meeting in Fayetteville, N.C. & # 39; Every month the job report is strong. Hiring is still going well. All indicators for a strong economy are still there. & # 39;
& # 39; The economy is one of the great things that argue for the President's re-election & # 39 ;, he added.
Trump himself has fake poll & # 39; Tuesday destroyed, claiming to be the & # 39; most powerful weapon & # 39; is used by the news sources to stimulate or bring down political candidates.
& # 39; One of the largest and most powerful weapons used by the Fake and Corrupt News Media is the fake Polling information they release & # 39 ;, he posted on Twitter after the Washington Post / ABC News survey was released.
& # 39; Many of these polls are fixed or performed in such a way that a particular candidate looks good or bad, & # 39; he continued. & # 39; Internal polling looks great, the best ever! & # 39;
While unemployment remains at a 50-year low, some other economic indicators have raised concerns – business investment has stopped and US production slowed for the first time in 10 years this month, putting jobs at risk.
The US economy saw its growth slow in the second quarter of the year.
Gross domestic product was 2 percent, Commerce said at the end of August, compared to the 3.1 percent growth it experienced in the first three months of the year.
Meanwhile, Trump is expected to add $ 4.1 trillion to the US deficit, said the responsible federal budget committee, a group of watchdogs, in August.
At the end of last month, Trump tore into Powell after the Fed chairman refused to give a clear signal that he would bow to Trump's demand for interest rate cuts and compared him to Chinese dictator Xi Jinping.
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