President Donald Trump says the U.S. is missing out economically because "Boneheads" at the Federal Reserve won'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
WASHINGTON — President Donald Trump says the U.S. is missing out economically because"Boneheads" at the Federal Reserve won'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 time in a decade in July. Trump has been pressuring Fed chairman Jerome Powell to drop rates to zero. The rate currently is in a range of 2% to 2.25%. As the sun rose on Wednesday's anniversary of the 9/11 terrorist attacks, Trump tweeted,"It is only the naïveté 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."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump criticized for planning secret Camp David meeting with Taliban days before 9/11 anniversaryPresident Donald Trump is facing backlash, including from members of his own party, after announcing he planned to hold a secret meeting with the Taliban at Camp David this weekend.
Read more »
President Trump, please honor 9/11 by getting the U.S. out of Afghanistan | OpinionLet's pay tribute to the victims of the 9/11 attacks with a bold action to ensure that we don't create more victims.
Read more »
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.”
Read more »
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.
Read more »
Controversial Trump aide John Bolton exits WH knocking TrumpPresident Trump has fired controversial National Security Advisor John Bolton on Twitter, after they ‘strongly disagreed.’ Sparking more controversary, Bolton offered a different recount, saying he previously ‘offered to resign.’ Former Obama official Richard Stengel argues ‘the problem with replacing Bolton’ is ‘when someone leaves the Trump administration, they’re never replaced by a better actor.’
Read more »
Trump GOP primary challenger Mark Sanford says growing field of Republican candidates strengthens anti-Trump messageFormer South Carolina Gov. Mark Sanford, who announced this weekend that he will launch a longshot primary bid for the 2020 Republican nomination, argued Monday that the growing field of Republicans challenging President Donald Trump strengthens their anti-Trump message.
Read more »