Trump asks Federal Reserve to lower interest rates to 'zero or less'

Wed, 18 Sep 2019

Trump asks Federal Reserve to lower interest rates to 'zero or less'

ANI
12 Sep 2019, 03:56 GMT+10

Washington [USA] Sept 11(ANI): US President Donald Trump on Wednesday called out the Federal Reserve to get its interest rates down to "zero or less.""The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet," he said in a tweet.

"The USA should always be paying the lowest rate. No Inflation! It is only the naivete of Jay Powell and the Federal Reserve that doesn't allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of 'Boneheads,'" Trump said in a follow-up post.

On previous occasions, Trump has frequently attacked the Federal Reserve and pressured it to lower interest rates and has time and again blamed the central bank for a recent slowdown in manufacturing, The Hill reported.

Last month, the US President said he would not prevent Federal Reserve Chairman Jerome Powell from leaving if he wanted to and called him an "enemy".

"Do I want him to resign? Let me put it this way: If he did, I wouldn't stop him," Trump said.

Amid the US-China trade war, the decline in manufacturing could affect Trump's re-election bid, as he has boasted about the state of the economy as one of his accomplishments. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cardiff Star.

More Information

United Kingdom

Section

Boks, All Blacks: Their neutral-soil duels revisited

Cape Town - A skimpy 3.06 percent that is how many Tests between the Springboks and All Blacks have been ...

Human rights concerns over plans for no-deal Brexit

LONDON, UK - The UK government has been forced by Parliament to make public its contingency plans in the event ...

Downsizing to an early death? Why exercise is so important as you age

It's well-documented that regular exercise is good for us. Being active can reduce your risk for a variety of diseases ...

What place does populism have in the current election campaign?

The recent Twitter attacks by Maxime Bernier, leader of the People's Party of Canada, on young Swedish climate activist Greta ...

Atletico's Simeone wary of 'beast in front of goal' Ronaldo

Madrid - Atletico Madrid coach Diego Simeone on Tuesday hailed Juventus star Cristiano Ronaldo as a "beast in front of ...

JSE slips as risks remain

The JSE fell on Tuesday as it took a leaf from the Asian markets session where the major indices closed ...

International

Section

Iranian, Russian, Turkish Presidents Focus on Unity to End Syrian War

ISTANBUL - The presidents of Turkey, Iran and Russia met in Ankara Monday in the latest trilateral summit to resolve ...

U.S. says Iran to blame for disrupting global oil supply

WASHINGTON, DC - U.S. Secretary of State Mike Pompeo has blamed Iran for Saturday's attacks on Saudi Arabia's oil infrastructure ...

Some US Lawmakers Consider Designating White Supremacists as Terrorist

In June, Canada labeled the white supremacist group Blood & Honor and its armed branch, Combat 18, as terrorist organizations. ...

Kremlin calls for de-escalation of tensions in Gulf

MOSCOW, Russia - A spokesman for the Kremlin has cautioned the international community against jumping to conclusions on who may ...

OIC summit condemns Israeli settlements 'colonial' policies

JEDDAH, Saudi Arabia - The Organization of Islamic Cooperation (OIC) has called on the international community, especially the UN, to ...

US Imposes Sanctions on North Korean Hacking Groups

WASHINGTON, DC - The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved ...

Movie Review

Allied [Blu-Ray]