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Yo_Mama_Been_Loggin

(108,274 posts)
Tue Oct 29, 2019, 02:19 PM Oct 2019

Trump blasts Fed as policymakers meet on rates

President Donald Trump launched a new attack on the U.S. Federal Reserve on Tuesday, saying it needed to follow other nations with negative interest rates, as officials opened a two-day meeting that was expected to end with a rate cut.

"The Fed doesn’t have a clue! We have unlimited potential, only held back by the Federal Reserve," Trump wrote on Twitter.

Trump, in a departure from his White House predecessors who refrained from commenting on Fed policy, has made a habit of criticizing the U.S. central bank for decisions he says kept borrowing costs too high for too long.

In September, he began to argue the Fed needed to push borrowing costs into negative territory, a step reluctantly pursued by some other central banks battling weak economic growth.

https://www.msn.com/en-us/money/markets/trump-blasts-fed-as-policymakers-meet-on-rates/ar-AAJwuHO?li=BBnbfcN

But you said the economy was going gangbusters Trump.

7 replies = new reply since forum marked as read
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Trump blasts Fed as policymakers meet on rates (Original Post) Yo_Mama_Been_Loggin Oct 2019 OP
He bully's them duforsure Oct 2019 #1
Negative Interest rates? TheRealNorth Oct 2019 #2
Trump is only interested in the adjustable interest rates on MineralMan Oct 2019 #3
Didn't think of that TheRealNorth Oct 2019 #6
Bond rates have inverted Jarqui Oct 2019 #4
K&R for visibility crickets Oct 2019 #5
This would seize the credit markets as no one will be able to get alone...it is for the wealthy so Demsrule86 Oct 2019 #7

duforsure

(11,885 posts)
1. He bully's them
Tue Oct 29, 2019, 02:30 PM
Oct 2019

To keep his debt payments lower for himself, and to make us weaker causing more problems when the recession he has caused hits, and will make it last longer. He's desperately trying to make it look good when all signals show the opposite of his claims. He lies claiming we need them lower to help himself and not the country. Remember he's failed at about everything he's done, and has many, many times filed bankruptcy from his bad decisions.

TheRealNorth

(9,500 posts)
2. Negative Interest rates?
Tue Oct 29, 2019, 02:36 PM
Oct 2019

So when you borrow, you pay less back than you borrowed (essentially getting paid to borrow).

Yeah, that will end well. But I guess as long as he can get the economy through 2020.

MineralMan

(146,336 posts)
3. Trump is only interested in the adjustable interest rates on
Tue Oct 29, 2019, 02:45 PM
Oct 2019

his many mortgages and other real estate loans. That drives his interest in the Fed, since what he pays is tied to rates set by that body.

And that's the bottom line. Trump lives on debt.

TheRealNorth

(9,500 posts)
6. Didn't think of that
Wed Oct 30, 2019, 10:12 AM
Oct 2019

I was also thinking that the negative interest rate may also juice the housing market temporarily, leading to high prices where realators and property owners could cash in before the economy downturns. They could then turn around and use all the cash they made to purchase foreclosed property on the cheap.

Jarqui

(10,130 posts)
4. Bond rates have inverted
Tue Oct 29, 2019, 03:18 PM
Oct 2019

Recession is coming.

They're doing everything they can to hold it off until after Nov 2020.

The economy is the only thing keeping him afloat.
If it goes in the toilet, Trump will get flushed with it.

Demsrule86

(68,703 posts)
7. This would seize the credit markets as no one will be able to get alone...it is for the wealthy so
Wed Oct 30, 2019, 10:17 AM
Oct 2019

they can clean up before the coming recession. I got a re-finance loan...but it was a tough loan-reminded me of 2008 and our house is worth more than twice what we paid for it...we took out a few dollars to put in our recession fund and lowered our payments. The principle is so low we are quadrupling the principal payment and taking years off the mortgage.

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