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Home / Business / Trump snorts that 'bone heads' at Federal Reserve are killing the economy and should drop interest rates to 'zero or less' – Raw Story

Trump snorts that 'bone heads' at Federal Reserve are killing the economy and should drop interest rates to 'zero or less' – Raw Story



President Donald Trump once again buzzed on his Federal Reserve chairman over interest rates – which he wants to be turned upside down.

The President has publicly demanded lower interest rates to avert a recession, and he has suggested Fed Chairman Jerome Powell was a "bigger enemy" to the United States than Chinese President Xi Jinping because he would not yield to these demands – and Trump loosened another round of attacks

"The Federal Reserve should bring rates down to zero, or less," Trump tweeted, "and we should then start refinancing our debt. Interest rates can be broken way down, while significantly extending the term. "

" We have the great currency, the power and the balance, "he added. “The United States should always pay the lowest rate. 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. An opportunity in life that we lack because of 'Boneheads.' ”

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