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Author Topic: Trump Amps Up criticism Of Fed Interest Rate Rises  (Read 682 times)

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Offline edpc

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Trump Amps Up criticism Of Fed Interest Rate Rises
« on: July 20, 2018, 02:05:26 pm »
(Reuters) - U.S. President Donald Trump on Friday dug in on his criticism of the Federal Reserve's policy on raising interest rates, saying it takes away from the United States' "big competitive edge," and lamented the strength of the U.S. dollar.

Trump, in posts on Twitter, also accused the European Union and China of manipulating their currencies.

"China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge," Trump wrote. "As usual, not a level playing field."

https://in.mobile.reuters.com/article/amp/idINKBN1KA1RD
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Offline XenaLee

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Re: Trump Amps Up criticism Of Fed Interest Rate Rises
« Reply #1 on: July 20, 2018, 02:10:42 pm »
Quote from: edpc on July 20, 2018, 02:05:26 pm
(Reuters) - U.S. President Donald Trump on Friday dug in on his criticism of the Federal Reserve's policy on raising interest rates, saying it takes away from the United States' "big competitive edge," and lamented the strength of the U.S. dollar.

Trump, in posts on Twitter, also accused the European Union and China of manipulating their currencies.

"China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge," Trump wrote. "As usual, not a level playing field."

https://in.mobile.reuters.com/article/amp/idINKBN1KA1RD

Not to mention.... the fact that the Feds artificially propped up Obama's reign with low interest rates .... just cuz it was Barry in the WH.  Now, as soon as a Republican gets in there, it's back to raising interest rates.  Gotta slow down that 'too good' economy now, dontcha know.
 
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Offline Suppressed

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Re: Trump Amps Up criticism Of Fed Interest Rate Rises
« Reply #2 on: July 20, 2018, 02:14:02 pm »
Well, Dude, maybe you shouldn't have spurred inflation with a $1.7 trillion spending spree that was unfunded.

Easier to blame others, though...the adoring crowds will cheer regardless of reality.
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Online Wingnut

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Re: Trump Amps Up criticism Of Fed Interest Rate Rises
« Reply #3 on: July 20, 2018, 02:14:33 pm »
The professional pearl clutchers are having a conniption fit over this "criticism".   Trump must be correct.
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Offline edpc

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Re: Trump Amps Up criticism Of Fed Interest Rate Rises
« Reply #4 on: July 20, 2018, 02:17:57 pm »
June 2016

During a speech on trade, presumptive Republican presidential nominee Donald Trump says ''I'm going to instruct my Treasury Secretary to label China a currency manipulator, which should have been done years ago.''

https://mobile.reuters.com/video/2016/06/28/trump-wants-to-label-china-a-currency-ma?videoId=369102778

Confirming a reversal on tough China talk, President Donald Trump told The Wall Street Journal Wednesday that he will not label the Asian country a currency manipulator in a report due this week.

April 2017

"They're not currency manipulators," Trump said in the interview.

https://www.cnbc.com/2017/04/12/trump-backtracks-on-china-wont-label-it-a-currency-manipulator.html

April 2018

It was the third time since Mr. Trump assumed the presidency that the Treasury Department opted not to accuse China of improper meddling. China has long maintained a strong grip on the value of its currency and, for years, weakened it compared with the dollar to make Chinese products cheaper to sell in the United States and other countries.

https://www.nytimes.com/2018/04/13/us/politics/trump-china-currency-manipulator.html

July 2018

"China, the European Union and others have been manipulating their currencies and interest rates lower....
« Last Edit: July 20, 2018, 02:19:04 pm by edpc »
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Online Hoodat

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Re: Trump Amps Up criticism Of Fed Interest Rate Rises
« Reply #5 on: July 20, 2018, 07:15:12 pm »
If the government would simply stop spending money it doesn't have, all this interest rate mess would go away.  Borrowers would no longer have to compete against government for available capital.  And money would be left in the hands of wealth producers instead of being handed over to a government that creates no wealth.
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Offline Suppressed

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Re: Trump Amps Up criticism Of Fed Interest Rate Rises
« Reply #6 on: July 20, 2018, 08:35:40 pm »
Quote from: edpc on July 20, 2018, 02:17:57 pm
June 2016

During a speech on trade, presumptive Republican presidential nominee Donald Trump says ''I'm going to instruct my Treasury Secretary to label China a currency manipulator, which should have been done years ago.''

https://mobile.reuters.com/video/2016/06/28/trump-wants-to-label-china-a-currency-ma?videoId=369102778

Confirming a reversal on tough China talk, President Donald Trump told The Wall Street Journal Wednesday that he will not label the Asian country a currency manipulator in a report due this week.

April 2017

"They're not currency manipulators," Trump said in the interview.

https://www.cnbc.com/2017/04/12/trump-backtracks-on-china-wont-label-it-a-currency-manipulator.html

April 2018

It was the third time since Mr. Trump assumed the presidency that the Treasury Department opted not to accuse China of improper meddling. China has long maintained a strong grip on the value of its currency and, for years, weakened it compared with the dollar to make Chinese products cheaper to sell in the United States and other countries.

https://www.nytimes.com/2018/04/13/us/politics/trump-china-currency-manipulator.html

July 2018

"China, the European Union and others have been manipulating their currencies and interest rates lower....


For the fans, having a President who can't be trusted is a feature, not a bug.
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“The most effectual means of being secure against pain is to retire within ourselves, and to suffice for our own happiness.” -- Thomas Jefferson

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Offline Concerned

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Re: Trump Amps Up criticism Of Fed Interest Rate Rises
« Reply #7 on: July 21, 2018, 02:39:08 am »
Quote from: Suppressed on July 20, 2018, 02:14:02 pm
Well, Dude, maybe you shouldn't have spurred inflation with a $1.7 trillion spending spree that was unfunded.

Easier to blame others, though...the adoring crowds will cheer regardless of reality.

 :amen:
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Offline corbe

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Re: Trump Amps Up criticism Of Fed Interest Rate Rises
« Reply #8 on: July 21, 2018, 02:54:37 am »
Trump: Fed Keeping Rates Low Because of Pressure From Obama

 Monday, 12 September 2016 08:46 AM

Republican presidential candidate Donald Trump said on Monday that U.S. Federal Reserve Chair Janet Yellen was keeping interest rates low because of political pressure from the Obama administration, questioning the motives of an institution whose work hinges on maintaining its independence.

"Well, it's (the interest rate) staying at zero because she's obviously political and she's doing what Obama wants her to do," Trump told CNBC in a phone interview, saying Yellen should be "ashamed" of what she was doing to the country.

<..snip..>

https://www.newsmax.com/Finance/StreetTalk/donald-trump-barack-obama-federal-reserve-interest-rates/2016/09/12/id/747749/
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