Trump Blasts Fed as Policymakers Meet on Rates

October 30, 2019   |   by James G. Dalton

President Donald Trump launched a fresh attack on the U.S. Federal Reserve on Tuesday, saying it needed to follow other nations with negative interest rates, as officials opened a two-day meeting that was expected to end with a rate cut.

“The Fed doesn’t have a clue! We have unlimited potential, only held back by the Federal Reserve,” Trump wrote on Twitter.

Trump, in a departure from his White House predecessors who refrained from commenting on Fed policy, has made a habit of criticizing the U.S. central bank for decisions he says kept borrowing costs too high for too long.

In September, he began to argue the Fed needed to push borrowing costs into negative territory, a step reluctantly pursued by some other central banks battling weak economic growth.

Fed officials are expected to announce a quarter-percentage point rate cut at 2 p.m. (1800 GMT) on Wednesday after they wrap up their meeting. That would push the benchmark federal funds rate down to a range of 1.5% to 1.75%.

via newsmax

Recent Comments

  1. Verle S Beucke

    Reply
    October 30, 2019 @ 2:53 pm

    Good JobPOTUS. I want to keep you for another 4yrs Verle

  2. Denny

    Reply
    October 30, 2019 @ 2:59 pm

    It’s very important for the Fed to realize that low interest rates help boost our economy. That is, especially when it comes to the American Dream of owning a home. It seems to me that the Fed are “control freaks” and keep tight reigns on the very thing that fuels our economy…..MONEY!

  3. Ted

    Reply
    October 30, 2019 @ 3:49 pm

    A lowering of interest rates would allow some, myself included to refinance their mortgage rate, thus allowing for more disposable income, also a pro-economic move for the country. Continue with your improvement of the United States Mr. President, we need you to continue to restore the economic vitality, military dominance, legal citizenship, the curtailing of the excessive social programs borne on the shoulders of the hard working American citizens, brought on by the liberal, socialist agenda of the Democratic party. We need your leadership for four more years.

  4. Deborah

    Reply
    October 30, 2019 @ 4:19 pm

    Great job President Trump! The Fed does need to lower rates to make the economy even stronger.

  5. Jacqueline

    Reply
    October 30, 2019 @ 9:58 pm

    I agree with President Trump. However, I believe the Fed should be dismantled (if that is possible since it is controlled by the Rothschilds, Rockefellers, Warburgs, and five others of which four are in Europe). There should be a better way than 8 families ruling over the world financially. Those families are going to be the ruination of the world with their greed, lust for power and the New World Order.

    • Philip

      Reply
      October 31, 2019 @ 5:41 pm

      Jaqueline you made a very true comment I’m proud of you don’t even know you but that doesn’t matter you left out on thing the Democrats is the party that created the federal reserve not telling the Republicans what they were up to. Look up this site gives you everything you need to know about the Democrats
      https://www.youtube.com/watch?v=lu_VqX6J93k G. Edward Griffin on Jekyll Island did the research
      The Democrats are still trying to destroy America they want to install a Socialist Government then it’s easier to fip over to Communism. God bless you Jaqueline

  6. Connie CC

    Reply
    October 31, 2019 @ 4:44 am

    I agree with you 100%. President Trump is doing a great job for America!

  7. Joseph Corson

    Reply
    October 31, 2019 @ 6:12 am

    Keep up the great work Mr. President you are doing an outstanding job, against great adversity!! Trump/Pence 2020!!

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