President Trump intensifies pressure on the Federal Reserve, calling for a 1 point rate cut and more quantitative easing.
President Donald Trump, in his most brazen attack yet on the Federal Reserve, called for the central bank on Tuesday to cut interest rates by 1 percentage point and to implement more money-printing quantitative easing. In the past, White House officials including Trump and top economic advisor Larry Kudlow have recommended the Fed cut rates by half a point. The tweets literally doubled down on that approach.
Following the president's prescription would take the fed funds rate back to its December 2017 level.
Source: Financial Digest (financialdigest.net)
Stef540 This is the Trump 'put' for when he walks away from China talks... Or signs a deal and they don't do anything they agreed to do...
someone remind Trump the Fed is supposed to be separated from politics.
1% in a quarter? A year? 10 years from today? Trump seems smart.
Not needed. He’s just making a point that Obama had 8 years of zero interest rates. I get it, we didn’t need zero all 8 years maybe the first term.
jimcramer ReformedBroker nbcsnl Haha! 🤣
Elections coming, if your 401k looking good, you'll go vote. I'd leave rates as they are.
Ever heard the term Fed Independence?
realDonaldTrump is out of his mind and will eventually bankrupt the nation.
Crazy ideas. Got too much inflation already. Don't need to stimulate economy more. Companies having hard time finding workers.
realDonaldTrump is such an economic genius. He wants to test the economy like he treats a cheeseburger.
That would be stupid 🔥🤡
I’d settle for Trump to cut his lies by 1%. Tired of hearing lies that rile up his followers and cause violence. He takes and we get nothing in return. Our healthcare at risk and the swamp grows.
Us realtors know a cut like this will help move slowing rural home sales. This time last year, I was closing 2-3 deals per week, now it’s one or two a month
Ha Ha! Short-sighted, ignorant, political President!
“implement more money-printing quantitative easing” 👆 that is why we need Bitcoin $BTC
MAGA
Wow what happened to the 50 BP cut first? He is just commenting like a private citizen would like he says. Sure sure. It really is so shameless. They should really rename the Federal Reserve to Reserved and Beaten.
FED thinking
Trump needs to butt out. Calling for QE & a 1% rate cut with an economy “better than it ever has been” (his words) is absurd, especially since he trashed the Fed under Obama when we were climbing out of the Great Recession for cutting rates.
Hahahaha the fed doesn’t have to listen to his bullshit.
Why would we print more money if the economy is supposedly doing so well? Wharton wants its degree back from Don the Con.
Yes, Fed...the service on his debt is KILLING him!
CNN Shame on you news channels, calling yourself a news channel....where is the live coverage for Venezuela crisis. This is A Damn Major news. Are you kidding me...shame on you. Nothing but stupid people running news channels.
The Fed is an independent entity Donald. Shut up and do something that you have a legitimate say in
He should be investigated by SEC for stock manipulation and if the FED lower the rates it truly shows that FED is not independent. FED should raise rates FED SEC
Cut! Hurry! We need your capital gains to fund our infrastructure plans!
At what point will the media start researching if Trump is capable of paying his bills. There is a very real chance Trump is pushing for the Fed to cut rates to ease the burden of his debt position releaseTrumpstaxes
Deranged Donald best attend to his legal challenges and leave the professionals to decide!
Fed is not independent! powell & fed presidents pivotted on Trumps blame of cutting jobs...
The Onion bought CNBC?
Why is Trump asking for rate cuts?
To get why this may be counterproductive, you might check out this past Sundays Fareed Zakaria on CNN. His guests - Timothy Geithner, Hank Paulson & Ben Bernanke. Directly address quanatitative easing.
negative interest rates incoming then.. time for a change of system. nudge nudge hint xrp
What happened realDonaldTrump hate rate cuts. Why is he leaning on the feds
Trump Economics 101
TFMetals He knows the trade deal with China isnt going to go thru.. getting in front of the story
This is the greatest economy in the history of America. Its so good that we must lower interest rates to stimulate borrowing, and start pumping trillions of dollars into the economy immediately. Believe me. Its that good.
Would this impact mortgage interest rates?
He wants to keep Powell in the cave
Easy money
Another stellar American institution at risk of losing independence under Trump.
Yeah not a good idea
TommyThomason I credit POTUS & GOP w policies helping our economy, but am not a fan of encouraging America to live large on debt. Also, I rarely praise the independent Fed, but prefer their “data dependent” strategy over playing politics (L or R) in order to goose growth pre-election. 🧐
If the economy is doing so well, why do we need to lower rates?
Cut Rates and QE aren't those for when things are not good and the economy needs a jolt.
Why not free money for everyone ?
This scam about interest rates is to superheat the economy in time for the 2020 election and not care about inflation or the deficit & national debt from the $$ Trillion tax gift to corporations. The political purpose is blatant and dangerous.
Reminds me of the times he endorsed QE during the Obama recovery...oh, wait
Fu*k all this nonsense. Lift trade tariffs and open up free trade everywhere. That’s the fastest way to stimulate as well as sustain a capitalistic economy
Let’s go !! The $ES_F to the moon !! All time highs per the DONALD 😭😭
Why? [Sarc] US is supposedly in the 'Greatest economy ever' with the second most accommodative monetary policy in history with equity markets at all-time highs. SomethingIsReallyWrongBeneathTheSurface
what is the most important: the health of u.s. economy or the re-election of trump
Socialism for the rich, capitalism for the rest of us
He is a drunk.
The fed should commit to buying up credit card debt till every card has negative 10% interest rate! That will boost the economy
trumpers.. at some point you have to admit this presidency is an embarrassment. How long can you lie to yourself? Please stop this madness 🤷♂️
Nuts!
NorthmanTrader
₿itcoin 🚀 Bullish as F$&k!
Why lower interest rates? Can’t he cut every American a $5,000 check?
But the economy doing so well?
Let hope Powell is his own man . Which is a worry more threats from Trump all he wants is his stock market artificially high so he can crow how great he is the guys is a narcissistic idiot. Well Mr Powell time to stand up to the White House bully rate should go up not down
I’m fairly confident that the fed heads don’t need the financial advice of a serial bankrupt.
Zero interest rates are like riding a bicycle downhill. No end to rising stock market and buybacks. History has a lesson waiting. WallStreet Trump stocks stockmann wsj NewYorkTimes
The only way to growth is with massive deficit spending. Look how much it took for the first quarter.
But once he's out of office, he will complain why rates are so low.
It’s all about giving the economy a rush of sugar high so that his pathetic base will re-elect him in 2020. Sadly, plenty of Americans are dumb enough to buy it.
Because he doesn’t understand economics and is too lazy to read about inflation and interest rates and employment. It would be great for the Trump corp ( with their new low corporate tax rate ), but really bad for the economy in general. Impeach the imbecile. Crook.
Well he is a Finance expert...the Fed needs to listen to a successful leader for sure.
Let be honest, Trump wants to reduce his company’s interest expense. The Fed isn’t his personal banker 🙄 trump trumprussia mueller conflictofinterest
He really has NOT A CLUE, does he? Good grief, Charlie Brown!
Fed be like 😩!
Indices hit all time highs and we need more QE! This is like watching an overweight type 2 diabetic shove their fat face into the pudding trough at Golden Corral then demand more while licking it clean.
Wall Street is talking trash about China for its abusive use of debt and low interest rate. I am sure they will agree with the President that if the same thing is applied in the U.S., it will bring prosperity with no cost or consequence whatsoever. Doubt standard, always!
This guy should be impeached just for this
What do you mean 'more' quantitative easing? We haven't had any so far. All we've had is quantitative tightening. The Fed raised rates 7 times during Trump's 2 years in office. It raised them just once during Obama's 8 years.
KT_So_It_Goes
Does he know that the country is in debt of over $21 trilions
Asset bubble bigly: cut rates at stock market alltime highs. raging bubblenomic thought spreading.
I am curious, Is he unwillingly signalling how the China Trade talks are going?
Won't happen. Trust Fund babies are making too much money on gouging those who need loans to survive. Capitalism Enjoy
🤦♂️
This guy has become King of the Swamp. What a joke.
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