Trump says Fed should cut interest rates to zero 'or less' to refinance debt

  11 September 2019    Read: 667
Trump says Fed should cut interest rates to zero

U.S. President Donald Trump on Wednesday said the Federal Reserve should lower U.S. interest rates to “zero or less” to help “refinance our debt” with lower interest costs and a longer-term, and blamed the U.S. central bank’s chief for missing “A once in a lifetime opportunity”.

“The USA should always be paying the ... lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing,” Trump wrote in a pair of early morning tweets.

 


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