Trump reverses course, seeks negative rates from Fed 'boneheads' via ReutersTV
WASHINGTON - U.S. President Donald Trump on Wednesday called on the “boneheads” at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other world central banks to battle weak economic growth that risks punishing savers and banks’ earnings in the process.
The president’s comments precede a week in which the world’s major central banks, including the Fed, are expected to lower rates or otherwise loosen monetary policy in what is widely seen as a move to protect the global economy against risks partly rising from Trump’s trade war with China. Trump has bragged about his use of debt as a real estate investor. As far as managing the federal government’s affairs, interest on outstanding U.S. Treasury securities will be nearly $400 billion in the current fiscal year and rise to more than $914 billion by 2028, according to the Pew Research Center.
The president last month referred to him as an “enemy” on par with the head of the communist-led Chinese government and kept up his personal line of attack on Powell and the Fed in his tweets on Wednesday: “A once in a lifetime opportunity that we are missing because of ‘Boneheads.’”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
CNN's latest poll on President Donald TrumpPresident Trump’s current approval rate is at 39% — the lowest it's been since January. CNN’s David Chalian breaks down CNN's latest poll on how Americans feel about Trump just 14 months before he faces re-election.
Consulte Mais informação »
Former Fed Vice Chair Kohn backs rate cut, rejects Dudley suggestion to foil TrumpIn a CNBC interview, Kohn indicated he believes the Fed will follow market expectations and lower its benchmark overnight lending rate by 25 basis points at its Sept. 17-18 meeting.
Consulte Mais informação »
Trashing Fed 'Boneheads,' Trump calls for central bank to cut interest rates to 'ZERO'Trump called on the Federal Reserve to slash U.S. interest rates “down to ZERO,” calling chairman Jerome Powell and other leaders of the U.S. central bank “Boneheads”
Consulte Mais informação »
Trump demands Fed to cut interest rates to zero 'or less'President Donald Trump on Wednesday called for the Federal Reserve to engineer interest rates to zero “or less."
Consulte Mais informação »
Trump Says Fed Should Reduce Rates to ‘Zero, or Less’President Trump renewed his call for lower interest rates and his criticism of the Federal Reserve Wednesday, saying on Twitter that the Fed should reduce rates to “ZERO, or less.”
Consulte Mais informação »
As 9/11 dawns, Trump blasts Fed members as 'boneheads'President Donald Trump says the U.S. is missing out economically because "Boneheads" at the Federal Reserve won&39;t lower interest rates at his insistence. The Fed is meeting next week and is expected to trim its benchmark rate by another quarter point after cutting the rate for the first
Consulte Mais informação »