Trump steps up pressure on Fed to cut interest rates, but economists say it’s a bad idea - News Summed Up

Trump steps up pressure on Fed to cut interest rates, but economists say it’s a bad idea


“We have the potential to go up like a rocket if we did some lowering of rates, like one point, and some quantitative easing,” Trump tweeted Tuesday, using the Fed term for the crisis-era bond-buying stimulus. “Yes, we are doing very well at 3.2% GDP, but with our wonderfully low inflation, we could be setting major records &, at the same time, make our National Debt start to look small!”


Source: Los Angeles Times April 30, 2019 22:53 UTC



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