Trump pressured Mnuchin to push for economic stimulus from the Federal Reserve in response to corona

[mystery-ak]

Trump pressured Mnuchin to push for economic stimulus from the Federal Reserve in response to coronavirus: Report
by Anthony Leonardi
 | March 11, 2020 08:35 PM



President Trump reportedly pushed Treasury Secretary Steven Mnuchin to pressure the Federal Reserve into taking action to combat the economic effects of the coronavirus.

During a Monday meeting at the White House, the president reportedly encouraged Mnuchin to coordinate with Federal Reserve Chairman Jerome Powell to mitigate COVID-19's impact on the U.S. economy. Trump also reportedly voiced frustration that Powell should never have been appointed to his position.

As fears over economic decline grow, Trump tweeted about the actions of the federal reserve on Tuesday. "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 wrote.

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https://www.washingtonexaminer.com/news/trump-pressured-mnuchin-to-push-for-economic-stimulus-from-the-federal-reserve-in-response-to-coronavirus-report

[Formerly Once-Ler]

As fears over economic decline grow, Trump tweeted about the actions of the federal reserve on Tuesday. "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 wrote.

Just in case you're a Cult45er, the Federal Interest Rate is 1.25%  The Fed just juiced the economy again on the 3rd.  There isn't any lower to go.