Sun, 22 Sep 2019

Trump Calls on Federal Reserve to Cut Interest Rates

Voice of America
20 Aug 2019, 04:05 GMT+10

WASHINGTON - President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time," saying such a move would make the U.S. economy even better and would also "greatly and quickly" enhance the global economy.

In two tweets Monday, Trump kept up his pressure on the Fed and its chairman Jerome Powell, saying the U.S. economy was strong "despite the horrendous lack of vision by Jay Powell and the Fed."

He says Democrats were trying to "will" the economy to deteriorate ahead of the 2020 election.

Trump administration officials in recent days have sought to calm worries about a potential U.S. recession that were heightened by last week's steep stock-market decline.

Sign up for Pittsburgh News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!