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Breaking: Trump Blasts Fed as ‘Slow to Act’

Published 03/02/2020, 10:28 AM
Updated 03/02/2020, 10:30 AM
© Reuters.

© Reuters.

Investing.com - President Donald Trump took to Twitter again to criticize the Federal Reserve and Chairman Jerome Powell Monday, arguing the central bank is falling behind compared with other countries.

  • “As usual, Jay Powell and the Federal Reserve are slow to act. Germany and others are pumping money into their economies,” Trump tweeted. “Other Central Banks are much more aggressive. The U.S. should have, for all of the right reasons, the lowest Rate. We don’t, putting us at a … competitive disadvantage. We should be leading, not following!”
  • Trump did not give a specific level he’d like interest rates to be at, but to be the lowest Treasury bonds would have to have negative interest rates to be the lowest globally.
  • There is a 100% chance of a 50-basis-point cut at the FOMC meeting in March, according to Investing.com’s Fed Rate Monitor Tool. There is more than a 70% chance of a further 25-basis-point cut in April.
  • Latest comments

    Can't anyone see this is just an episode of Trump's show. Yell at the FED in public/ behind the curtain give 'em praise for the pump. Hollywood!
    Trump thinking of only himself. I will be very surprised if we don't have the recession of our lifetime. The feds can not be there for us.
    twitter is the main communication channel o this governance
    so what??? you should have got Twitter stock like i did when he was tweeting and twtr was sitting at $15
    So what was it? $10 or $15?
    sad & funny at the same time
    Corona virus and stocks taking a big hit something is not kosher.
    Time to slowly move out of China. They are not our friends.
    Cronavirus crisis is far from ending. Shanghai show: Corp. used to achieve over there usually more than 1,7 Million did not even ended achieving a turnover reaching 100,000. Reality will show up sooner than expected.
    And he's correct in doing so.
    you are wrong
    spot on i hope he makes to fed set NEGATIVE interest rate like the EU bank........OMEGALULZ
    glad the fed is being handed orders
    Cutting rates isn't going to help much but we still need it. We need China to produce in order for supply chain to flow.
    Isnt loweing interest rates like putting a bandaid on a wound that needs stiches?
    I don't understand why he has to say anything to fed ppl. He has no knowledge whatsoever about these kinds of complicated mechanisms that compose the monetary system. He's just continuing his excessive demagogy, as always.
    Cutting rates isn't going to help much but we still need it. We need China to produce in order for supply chain to flow.
    I like Trump but he needs to relax. No need to do anything just yet.
    the FED lowers interest rates when the economy is struggling. they raise interest rates when the economy is on a surge. you cannot brag about how strong the economy is in the same breath that you are begging for interest rates to be lowered. These are contrary messages.
    It has nothing to do with the economy. Trump is just trying to keep a level playing field here. We need to cut rates everytime other countries do!
    TDS is WAY worse than the coronavirus!!😂😂😂
    hardly anybody undestands this, other countries debase and take away from our exports
    FED will get the picture Clear by 17.3.2020 before the fed meeting so it should be having patience and not make any hasty panic decisions.
    This from an inept "leader" that tells the nation the corona virus will miraculously vanish. Talk about slow to act! What a loser!
    The fed can’t create a vaccine, all they can do is stimulate the economy into more debt
    nice!! Continuation of buying EURUSD it processed 100% without fear
    Donald Trump is very clever to protect the economy of the United States
    Not The Economy Just Their Stock Market...
    From Greenspan untill now, the Fed is always misjudging what to do and when.
    I don't believe this guy! no wonder he went bankrupt so many times. how do you go bankrupt with a casino?
    Please watch the movie Casino Jack
    you launder money 😃
    Lobbyists saturated the Casino industry by paying government officials to build casinos virtually all over the US. That and that alone destroyed the gaming industry in NJ.
    ahaha Trump is so funny :D
    hahahaha the margin to move is very little.... time to time
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