Trump ramps up pressure on Fed to cut rates
By Sylvan Lane - 03/10/20 10:20 AM EDT President Trump on Tuesday ramped up pressure on the Federal Reserve to slash interest rates, berating the central bank one week before it is expected to cut borrowing costs for the second time this month.
In a Tuesday tweet, Trump renewed his call for the Fed and Chairman Jerome Powell to slash rates to 0 percent or lower to match much weaker economies in Europe and Asia, one day after the stock market suffered its worst day of losses since 2008.
“Our pathetic, slow moving Federal Reserve, headed by Jay Powell, who raised rates too fast and lowered too late, should get our Fed Rate down to the levels of our competitor nations. They now have as much as a two point advantage, with even bigger currency help. Also, stimulate!†Trump tweeted.
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https://thehill.com/policy/finance/486775-trump-ramps-up-pressure-on-fed-to-cut-rates
