Trump says Fed should deliver big interest rate cut

President Donald Trump

United States President Donald Trump on Tuesday called on the Federal Reserve to cut interest rates significantly, saying higher borrowing costs are tough on its exporters and puts the country at a disadvantage.

“Our Federal Reserve has us paying higher rates than many others, when we should be paying less. Tough on our exporters and puts the USA at a competitive disadvantage. Must be the other way around. Should ease and cut rate big,” Trump said bit.ly/2uRpZmQ on Twitter.

Trump has repeatedly criticized Fed Chair Jerome Powell in the recent past and has said that the bank has kept interest rates too high. – Reuters

facebookShare on Facebook
TwitterPost on X
FollowFollow us
PinterestSave

Related Posts

Is the Personal Benefit Rule about ‘Any Amendment’ or ‘An Amendment to a Term Limit Provision’?
Is the Personal Benefit Rule about ‘Any Amendment’ or ‘An Amendment to a Term Limit Provision’?

An Intimate Reading of Subsections (1) and (7) of Section 328 of the Constitution of Zimbabwe (2013) By Nomuzikayise Ngwenya This piece is confined to one question, a question of…

Continue reading
President Mnangagwa launches African Peer Review Mechanism (APRM) National Programme of Action
President Mnangagwa launches African Peer Review Mechanism (APRM) National Programme of Action

President Mnangagwa is today expected to officially launch the African Peer Review Mechanism (APRM) National Programme of Action at the New Parliament Building in Mt Hampden. Our Reporter Harmony Agere…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *