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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump 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 doesnt 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.
duforsure
(11,885 posts)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)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)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)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)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.
crickets
(25,986 posts)Demsrule86
(68,703 posts)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.