At the end of this July, the Fed announced a reduction in short-term interest rates of 25 basis points, now placing it between 2.0% and 2.25.
"The Federal Reserve should reduce our interest rates to zero or less, and then we should start refinancing our debt", the US president insisted.
"The cost of interest could be reduced, while at the same time the term is substantially lengthened," Trump continued. "We have the great currency, power and balance sheet", he insisted, concluding that:" USA I should always pay the lowest rate. "
…. 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.”
– Donald J. Trump (@realDonaldTrump) September 11, 2019
This statement by the president has been the most recent in a long list of criticisms and calls addressed to the Fed. Thus, last August he declared that by his 'mental' level this financial institution is unable to compete with their counterparts of rest of the world. A few days earlier, Trump compared Fed director Jerome Powell with Chinese President Xi Jinping, wondering which of the two was "the greatest enemy" of the United States.
All this, despite the fact that at the end of July – for the first time since the economic crisis of 2008 – the Fed announced a reduction of short-term interest rates of 25 basis points, now placing it in a range of between 2 , 0% and 2.25%.
After that measure, the American leader continued to affirm that the Fed "did nothing" because of the economy of the country and its decrease in rates is not strong and fast enough.
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