interest rates: Our problem is a Federal Reserve that is too proud to admit their mistake of acting too fast and tightening too much, according to The Independent. They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW, Trump added, referring to Fed's ongoing sale of bonds purchased to stimulate the economy during the 2008 recession. In a series of tweets, Trump ripped the Fed for maintaining higher interest rates than other central banks while the president sought to strike tougher trading terms with economic partners.ADVERTISEMENT Our problem is not China, Trump tweeted. Three more Central Banks cut rates. We will WIN anyway, but it would be much easier if the Fed understood, which they don't, that we are competing against other countries, all of whom want to do well at our expense! Donald J. Trump real Donald Trump August 7, 2019 Trump has bashed the Fed for more than a year, accusing the independent central bank of hindering the economy by raising rates four times in 2018. Our problem is not China - We are stronger than ever, money is pouring into the U.S. while China is losing companies by the thousands to other countries, and their currency is under siege - Our problem is a Federal Reserve that is too..... Donald J. Trump real Donald Trump August 7, 2019 ....terrible thing to watch, especially when things could be taken care of sooo easily.
(news.financializer.com). As
reported in the news.
Tagged under interest rates, trading terms topics.