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 Ohio Standard.

More Information

US

Section

Deregulation to be major issue in 2020 U.S. election

All 10 Democratic candidates in the Houston debate on Thursday night spoke about investing public money taxpayer dollars in education, ...

New York Moves to Enact Statewide Flavored E-cig Ban

NEW YORK - New York Gov. Andrew Cuomo is pushing to enact a statewide ban on the sale of flavored ...

Emerging-market rally may hinge on stimulus. Just not too much

Emerging markets will again be looking to central banks to provide the next leg-up in a rally that's making it ...

Hong Kong Demonstrators Clash with Police on 99th Day of Protests

Anti-government protesters clashed with police in Hong Kong again on Sunday, with demonstrators hurling rocks and Molotov cocktails at authorities ...

WHO: Millions of Patients Die Every Year Seeking Health Care

GENEVA, SWITZERLAND - The World Health Organization is calling for urgent action to end bad health care practices responsible for ...

Saudis Scramble to Restore Oil Production After Drone Attacks

Saudi Arabia scrambled Sunday to restore operations at its key oil fields after drone attacks cut the kingdom's production in ...

International

Section