Trump urges Fed to cut rates to zero

  • 15:36 11 September 2019

Trump urges Fed to cut rates to zero

The Federal Reserve should cut rates all the way to zero and the United States should always be paying the lowest interest rate, tweeted President Donald Trump on Wednesday, ONA reports.

"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. The USA should always be paying the 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. A once in a lifetime opportunity that we are missing because of “Boneheads.”" Trump wrote.

Faig Mahmudov