Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Trump trade adviser Navarro calls on Fed to cut rates further

Published 08/06/2019, 11:06 AM
Updated 08/06/2019, 11:11 AM
Trump trade adviser Navarro calls on Fed to cut rates further

WASHINGTON (Reuters) - White House trade adviser Peter Navarro on Monday called on the U.S. Federal Reserve to cut interest rates by another three-quarters of a point to full point by end of year to bring U.S. rates into line to with rates elsewhere.

"The Federal Reserve before the end of the year has to lower interest rates by at least another 75 basis points or 100 basis points to bring interest rates here in America in line with the rest of the world," Navarro told Fox News. "We have just too big a spread between our rates and that costs us jobs."

Latest comments

This guy is a nut.
No need for rate cut, cutting out the tariffs is the only way to reverse this. The before Trump tariff trade was working finewho cares if we import more than we export, prices were lower, farmers were selling products to China. It wasn't until Trumps tariffs that it all went away, nothing to do with the federal interest rate. People wise up, rise up against Trump. He is the problem.
Correct. But young people millenials need to learn the historic fed rates. 5% is super low. This is insane. Even 6-7% is low.
Millenials. Need to learn what a norm fed rate is. 5% is bottom of the norm look at 60 yr chart. Its a joke where we are
Happen ridiculous*
Never will bapoen. Its rodiculous
Free money! Wheee!
Another trump puppet
every day no progress on a deal closer to a recession the 10 year bond yields are dropping like flies
market manipulation
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.