President Donald Trump is not pleased with only a quarter-point rate cut earlier this month by the Federal Reserve. He wants more and more!
Although the central bank is widely expected to cut interest rates by another 25 basis points as early as next month, President Trump thinks it should be more aggressive.
He tweeted:
“Our Economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed, but the Democrats are trying to “will” the Economy to be bad for purposes of the 2020 Election. Very Selfish! Our dollar is so strong that it is sadly hurting other parts of the world…
“The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well. If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!”
So, the president thinks the global economy would be better off if it were flooded with even more dollars and euros?
Yikes.
It might be a good thing that he is lagging in the polls after all. When the house of cards comes tumbling down during the first term of a Democratic president, the media can’t lay the blame on tax cuts.
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