Home / Business / Trump snorts that Federal Reserve "boneheads" are killing the economy and should lower interest rates to "zero or less" – Raw Story

Trump snorts that Federal Reserve "boneheads" are killing the economy and should lower interest rates to "zero or less" – Raw Story



President Donald Trump ran again on his Federal Reserve president over interest rates – which he wants to turn upside down.

The President has publicly demanded lower interest rates to stave off a recession, and he has suggested Fed President Jerome Powell was a "bigger enemy" to the United States than Chinese President Xi Jinping because he won't succumb to those demands – and Trump released a new round of attacks

"The Federal Reserve should bring our interest rates down to ZERO, or less," Trump tweeted, "and we should then start refinancing our debt. "

" We have the big currency, power and balance sheet, "he added. “The United States should always pay the lowest price. No inflation! It is only the naivety of Jay Powell and the Federal Reserve that does not allow us to do what other countries already do. A once-in-a-lifetime opportunity we miss because of "Boneheads." "

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