That would be a huge rate cut. The last time the Fed cut rates that much was December 2008, in midst of the the deepest financial crisis since the Great Depression. The central bank slashed rates from 1% to essentially zero at the end of 2008. It had never done anything like that before.That's just the point.
— Donald J. Trump April 30, 2019 ....up like a rocket if we did some lowering of rates, like one point, and some quantitative easing. 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!
— Donald J. Trump April 30, 2019 Trump's attacks on the Fed's policies aren't new anymore. But they continue to worry investors about the central bank's independence, which is not a typical concern in the developed world.The president has also called for rate cuts before. But 1% is a whole new ballgame.Last week, White House economic adviser Larry Kudlow said that weak personal consumption inflation, a part of the GDP report, could lead the Fed to cut rates in the near term.
realDonaldTrump to my stud. My pony Came in. I don't know about you but I've seen a president of the fucking United States of America these last two days. I figured it out but one way or another you find that money...today new 50 million brand spanking new $65greencards. Hustle!
Trying to boost rating and get the 2020 votes secured?
Let Fed Reserve handle the US economy. Others give silly advice, because they bear no accountability.
But he tweeted that everything was great. Booming economy etc. More lies from Demented Donnie
Things are going fine right now. He should be calling on Congress to slash spending. Yes, on entitlements.
It is not your call Trump
Who was president then?
And people wonder why we call him clueless. The only Depression we're in, is his administration and the fact that he refuses to stop writing checks with OUR money for stupid shit!
What I’m finally starting to get some interest on my savings account & he wants to take that away too?
A man who bankrupted NJ casinos and had so many failed businesses is now an expert on the American economy? Please.
CameronGradei brokegraduate15 ummm I’m starting to get concerned
Artificially inflate the economy, increase deficit, increase debt....then if Dems get back in control and try to fix things the GOP can point to sluggish economy to rile up base. wash. rinse. repeat
Trump needs low low low interest rates to save his private businesses. He has over borrowed and underperformed. The only Trump properties making $$ are those the American taxpayer is subsidizing.
Still believe the BS numbers that the economy is booming? Trump knows the real economy for real people is not booming. Its fueled by debt and he want to keep the bubble inflated until the next election.
Trump loves debt. He has built more bankruptcies than golf courses.
Wouldn't it be funny if trump ends up being the richest man in prison, because that's what he's doing is making rich people richer by leveraging our future.
Doesn't understand the economy or how it works. How many bankruptcies? Can't run a business legally, or illegally apparently. LOCKTRUMPUP 25thammendment
Welcome to the greater depression! Rate cuts will just make it last longer and hurt more. After the election all hell will break lose with the economy. Trump will blame the fed for doing what he told them to do. Stock up canned food and ammo! America will become Venezuela!
Such an embarrassment.
Trump just wants his numbers to stay up- not care about right or wrong or the fact it's not his place!!!!1
Trump knows the economy is slowing and a recession is in his future. His want of market manipulation is a clear reflection of his fixing and scamming throughout his life.
Future forecast Cloudy w/ 100% chance of Recession. MAAAAGGGAAAA😔
Isn’t Trump suing his lenders?
PresidentTwidiot, he of bankrupt casinos, businesses, is the perfect person to be providing financial direction to the Fed- this idiot needs to take off his socks anytime he’s required to count past ten - incompetent moron doesn’t begin to describe DumbDonald
so he can save money on his loan payments meanwhile we can keep earning less than 1% on our savings account
Trump, leave the Fed Reserve alone, they can do their jobs very well with out you.
Of course he did
If we do it now, when things are fairly good, what are we going to when the recession hits? Why are we not cutting the deficit during this time of prosperity? Instead, it’s exploding.
That helps trumps buisness deals that's why
And just how much will that benefit Trump personally?
Another ploy to help him get reelected. Such a phony.
Trumps an idiot!The Fed isn't controlled by the President! A he Fed is controlled by Congress!
This idiot said he was worth $10 billion..he's not even worth $1 billion. And almost half of that was given to him..he has no clue about finance
Oh yea, he is a Economist now ...
Mr. Tramp, oh sorry Trump, will kill US Economy by midd 2020. Please also lower ur pants so we can hv a full laughter.
AI know right! What does a building full of professionals know that a lying, douchebag, loser doesn’t know?
He's running out of time to fill his pockets and those of his cronies!
Out: Ohmygawd that time in 2008 the fed cut the rates by 1% and Obama's miracle economy saved the galaxy. In: your stupid fvcking article
Almost like he thinks he’s just in charge of everything. It’s just not his private corporation, this democratic republic. Someone should fill him in. 🙄
Reducing interest rates will inflate the marekt. Higher Stock Market will give him plenty of opportunity to tweet and tweet and tweet....
Insane. Interest rates are already far too low . . . when this bubble implodes we’ll have no monetary easing left in the keg . . . flagrant, reckless stupidity . . .
Which would save ALL Americans money!!
Pretty strange for a booming economy to need that kind of stimulation. This is all about election propping
Hey CNN! How are those ratings looking? Lowest since 2015 we’ve heard, CNNSUCKS and that’s a fact. This is an Apple
Trump is awesome! Get a head of the world down turn. Europe in the tank.
Yes makes sense money in your pockets
Just shows how he only thinks of himself
That is ridiculous
Now he's an economic authority by a mutiple bankruptcy pro.
Yeah!! Listen to the genius!! He’s only bankrupt 10-12 businesses.
Need some Wars and a Coup. Nothing greases an economy like the blood of Debt Slaves.
tRump is clueless and worthless to America.
WTF?!? Get this crazy evil SOB out of office. ImpeachTrump
Trump knows best 🙄🙄🙄
Always needs to out do the other. This is only temporary folks. Just to boost his ratings. He is still the lying president we all know
Anything to try to get reelected
It's almost like realDonaldTrump doesn't understand how anything works.....weird
Sounds familiar like we've seen this before ;-( Remember 'W' ? ;-) LOL
The only difference between now and 2008 is people and corporations alike are spending money.
Good! End the Fed!
Here come the deranged leftist crying over a interest rate cut. Someone they hate everything and are clueless on everything.
Do it.
Great job sir.
How many times did they raise the rates under Obama compared to Trump
That is why CNN should stay out of the financial advise
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