Trump asks Federal Reserve to lower interest rates to 'zero or less'

Wed, 18 Sep 2019

Trump asks Federal Reserve to lower interest rates to 'zero or less'

ANI
12 Sep 2019, 03:56 GMT+10

Washington [USA] Sept 11(ANI): US President Donald Trump on Wednesday called out the Federal Reserve to get its interest rates down to "zero or less.""The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet," he said in a tweet.

"The USA should always be paying the lowest rate. No Inflation! It is only the naivete of Jay Powell and the Federal Reserve that doesn't allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of 'Boneheads,'" Trump said in a follow-up post.

On previous occasions, Trump has frequently attacked the Federal Reserve and pressured it to lower interest rates and has time and again blamed the central bank for a recent slowdown in manufacturing, The Hill reported.

Last month, the US President said he would not prevent Federal Reserve Chairman Jerome Powell from leaving if he wanted to and called him an "enemy".

"Do I want him to resign? Let me put it this way: If he did, I wouldn't stop him," Trump said.

Amid the US-China trade war, the decline in manufacturing could affect Trump's re-election bid, as he has boasted about the state of the economy as one of his accomplishments. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Travel Trade.

More Information

Business

Section

Wall Street puts on gains as Saudi Aramco reassures markets

NEW YORK, New York - U.S. stocks were higher on Tuesday after Saudi Arabia advised its oil producing capacity should ...

ClickDimensions to serve European customer base from Cork

CORK, Ireland - The marketing technology and services provider for Microsoft Dynamics 365, ClickDimensions, this week opened their new European ...

Chinese shares sink, euro drops to 1.0990

SYDNEY, Australia - Stocks in Japan and Australian rose on Tuesday, however in China they sank.The euro was under pressure, ...

DMS to boost Irish workforce to two hundred

CO TIPPERARY, Ireland - DMS Governance, a global governance, risk and compliance company is to substantially boost its presence in ...

US Farmers Hope for US-China Trade Deal as Pork, Soybean Tariffs Ease

ELKHART, IND. - Thomas Titus handles all the challenges of running his sprawling Elkhart, Illinois, farm, but lately, he isn't ...

Traders tread warily on Wall St as oil jumps

NEW YORK, New York - Soaring oil prices undermined stocks trading on Wall Street on Monday, but losses in the ...

Airlines

Section

Kataria wishes PM on birthday, says BJP ready to win Haryana again

New Delhi [India], Sept 17 (ANI): Union Minister Rattan Lal Kataria on Tuesday wished Prime Minister Narendra Modi on the ...

Rajnath Singh to fly IAF LCA Tejas in Bengaluru

New Delhi [India], Sept 17 (ANI): Defence Minister Rajnath Singh will fly Light Combat Aircraft 'Tejas', an indigenously-built Light Combat ...

Experts to criticise US aviation authority over 737 MAX

A panel of global civil aviation authorities is expected to criticise the US Federal Aviation Administration's approval of Boeing's 737 ...

Comair profit jumps 184% thanks to R1bn from SAA

In a trading update on Tuesday morning - released hours before its results for the year to end-June are due ...

EU Urges US to 'Make Deal' in Airbus-Boeing row

BRUSSELS - The EU on Monday urged the U.S. to make a deal to end a 15-year long Airbus-Boeing row, ...

NMCG organizes Ganga marathon; Thousands turned up in support

New Delhi [India], Sept 16 (ANI): A marathon titled 'the Great Ganga Run, 2019' was recently organised in capital New ...

Movie Review

Allied [Blu-Ray]