Trump Calls for 'Big' Rate Cut: Fed Officials 'Don't Have a Clue'

[mystery-ak]

Newsmax Finance Staff    |   Monday, 16 September 2019 10:17 AM

President Donald Trump once again demanded that the Federal Reserve slash interest rates in the wake of an attack in Saudi Arabia over the weekend led to a major crude oil disruption.

In a pair of tweets Monday, the president questioned whether the Fed would “ever get into the game” and said the central bank and its chairman, Jerome Powell, “don’t have a clue.” He again badgered the Fed to lower the interest rate, citing a strong dollar’s harmful effect on U.S. exporters.

“And now, on top of it all, the Oil hit,” he wrote. “Big Interest Rate Drop, Stimulus!”

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https://www.newsmax.com/finance/economy/trump-fed-rate-cut/2019/09/16/id/932831/

[edpc]

Whatever. This was the same guy that bitched all through the Obama administration that the interest rates were being kept artificially low.

[LMAO]

Whatever. This was the same guy that bitched all through the Obama administration that the interest rates were being kept artificially low.

Yes he did.

If the economy is doing as well as he likes to claim it is, then why demand interest rate cuts?