, the president said the U.S. economy has “the potential to go up like a rocket” if the Fed would lower interest rates “like one point” and resume quantitative easing, a bond-buying program launched by the Fed in 2008 in the wake of the financial crisis to stop the collapse of the housing market and increase the supply of money in the economy.The central bank is hosting its regular Federal Open Market Committee meeting Tuesday and Wednesday.
The president compared the United States with China, a nation that he said is “adding great stimulus to its economy while at the same time keeping interest rates low.” “Yes, we are doing very well at 3.2% GDP, but with our wonderfully low inflation, we could be setting major records &, at the same time, make our National Debt start to look small!” Trump tweeted.
This summer, the current economic expansion will become the longest in U.S. history. The economy grew by 2.9 percent in 2018.
He has no power over the interest rates
He has no power over the internet
A redundant insitution if he wins the next election. He’s slowly ripped apart the judicial system, has constantly belittled the press, so what’s so unusual about going after the financial system. POTUS Potty mouth is slowly and steadily bringing his pal Putin’s plan to fruition.
Smart!
Which will make it likely that it won't. The tacit independence of the Fed must be guarded. Otherwise it loses one of its weapons.
Hello banana republic
The Trump re-election strategy: This, in conjunction with some type of military intervention in Venezuala and calling in his Saudi marker, for covering for MBS, to get oil production up and gas prices down by next years election.
You see IRS interest rates? Trump can shove it.
He needs to shut the hell up & mind his own business 🙄🤬
Remember lower interest rates also mean lower interest on your savings which are already pathetic.
Ploy so the Rich , can leverage even more money unregulated, which means HIGH RISK, to get bailed out again
So asking for rates to stay low is now attempting to sabotage them? You're kidding right?
Trump has conflict of interest
This is a rich man who most banks wont loan money to due to his history of horrible financial decisions. Just look at how much the national debt is rising per month. Reducing income and raising spending doesnt work out. Who would have thought.
If realDonaldTrump resigns, we will lower the interest rates to 0.0% as soon as the month long celebration is over.
Daniel_Zamfir_ de Romania
they must have hurt his feelings at some point. Possibly in middle school, when teen awkwardness was already making him mad at the world.
It's the best economy ever, except it's terrible and the Fed should fix it.
Artificially low interest rates lead to booms and busts.
realDonaldTrump Leave monetary policy to the folks who know what they're doing. You're best known for filing bankruptcy over and over again. Inflation is in check and we have a steady growth rate. Stop trying to screw it up.
What the hell is wrong with this guy?!
The federal reserve is neither federally owned, nor has a 'reserve'
You mean this Donald Trump?
Erdogan due that
Let’s not forget during Hitler’s rise to power there was out of control inflation
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