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Trump says Fed should cut interest rates by one percentage point

Published 08/19/2019, 02:58 PM
Updated 08/19/2019, 02:58 PM
© Reuters. U.S. President Donald Trump speaks to reporters before boarding Air Force One to return to Washington from Morristown Municipal Airport in Morristown, New Jersey

WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday the Federal Reserve should consider cutting interest rates by 1 percentage point and advocated "some quantitative easing" as he continued his pressure campaign on the central bank.

"The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well," Trump said in a Twitter post in which he also lamented that the U.S. dollar is so strong that "it is sadly hurting other parts of the world."

Latest comments

he should quite Twitter and study some macroeconomics
namely Marx and Engels
trying to get his numbers up at the cost of making a future recession worse so he looks good going into election. the only american he cares about is himself.
Agreed. Except he’s more Russian than American.
I'll purchase a home if rates go that low again. In the meantime I won't because the economy is not strong. The President makes sense.
 I never took loans. Wish you same.
5%?? You must be a millenial. Do you realize how histocially cheap that funding is. Bought my house in 2001. Rates were low at 8.875%. Go back a decade or two and mortgages were mid double digits. 5%??? Cmon.
 Nothiing you said makes the current conditions any better. Enjoy your high rates.
I'd be shocked if we got a half point versus a quarter point out of sleepy Powell in September..
I have been telling you guys...Trump has disrupt world order. Worldwide economies is not looking good. We are already in recession and we do not even know it yet. Why would we need to do quantitive wasing and rate reduction if the economy is doing so great? The inly way to get world order back is if, we get back to China agian. Without China there is no economy.
Hahahaha! Why stop there? Why not 10%? Or 25%. What an arbitrary president.
I've listened to report after report of overseas banks issuing negative interest rates on bonds and loans. I think i figured out why.Imagine you get a house for $100k with a negative 1% loan over 30 years you would pay back $70k. So how will the bank make money ? That is the question. Well imagine that $100k home has it's value cut in half. Now you are paying $70k for a house worth $50k. If you don't pay it back and the bank forecloses then it becomes a paid for asset on their books that you paid for. I think the banks know what is coming. My thoughts were a mild recession with a 20% market correction that might last a year. If the math I just laid out is right then we would need a 50% correction and a five+ year depression for the banks to fully benefit
not how it works the negative rates are on what you get if you buy their bonds not what uou pay for borrowing money ofiot
you must be a Trump supporter for not understanding negative rates, just like Trump himself.
In the USSR gasoline was poured into the forest; negative rates are not the limit of economic miracles.
King of bankruptcy! Now bankrupt Anerican farmers over 1000. last year over 500 cause their suicide rate to historical high. In future, we hv to import products from other nations, probably China, too. Gee... our poor farmers gone, who feed us?!
Powell??
Insane human being
lol. best economy ever but we need qe and rate cut? sounds like he is combating best recession ever.
Actually he argued quite a lot against QE and loose monetary policy before he won the election
Twittering again...useless, even don't know how to use computers
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