Larry Kudlow in the White House briefing room. . By Heather Long Heather Long Economics correspondent Email Bio Follow March 29 at 9:08 PM President Trump wants the Federal Reserve to cut interest rates immediately, his top economic adviser Larry Kudlow said Friday, making it clear that the president is still angry with the central bank.
Later Friday, Trump wrote on Twitter that the Fed had made a mistake when it raised interest rates, saying low inflation demonstrates the central bank’s actions were unwarranted. Had the Fed left rates lower, Trump asserted, the U.S. and global economies would be stronger. Wall Street has started to price in a rate cut later this year, a signal that investors think that’s needed. According to the FedWatch Tool where traders bet on what the central bank should do with interest rates, over 40 percent think the Fed will reduce rates once and 20 percent now agree with Trump that the Fed will cut rates twice — or more.
Trump argues the economy could be growing at 4 percent if the Fed didn’t put interest rates so high. Few economists agree that the economy can growth that fast, but views are mixed on whether the Fed made a mistake by raising rates a quarter point in December. The U.S. economy expanded at a rate of about 3 percent last year and most expect it to grow about 2 percent this year.
APPropst could one argue that the Fed increased interest rates to keep this expansionary period from moving into inflation therefore doing its job by maintaining the long-term wellbeing of the economy?
It’s almost as if he were following directions to systematically destroy the nation... 🤔
Money is the root of all things evil.
If Wall Street is advocating for it... do the opposite
Is Trump the Super Chairman of the Federal Reserve or does he understand the nation's economics?
Wait..wait..wait.Trumpski is too stupid to make any call on interest rates. So its probably Lou Dobbs telling Our President what to do and think..Lou Dobbs The Guy CNN Finally let go for good for ..spreading the Birther Myth About Obama..yeaa that Lou Dobbs, and That President🙄
Free money
Would be nice if they could cut interest rates back to when my passbook savings account earned 7.5%. 👍💰💲MakeItSo TaxTheRich
That is not how it works . StableGenius and serial wrong predictor of markets and economy should not be allowed anywhere close to decision making by the Fed .