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Federal Reserve must cut rates by 100 basis points, says Donald Trump

The Fed cut rates last month for the first time in a decade and signalled it was open to doing more amid slowing global growth

Federal Reserve must cut rates by 100 basis points, says Donald Trump
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Bloomberg
US President Donald Trump stepped up his assault on the Federal Reserve, urging it to cut interest rates by a full percentage point to aid global growth while complaining the “dollar is so strong that it is sadly hurting other parts of the world.”

“The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well,” the president said in a tweet Monday. “If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced--good for everyone!”

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