ANI
11 Sep 2019, 23:26 GMT+10
Washington [USA] Sept 11(ANI): US President Donald Trump on Wednesday called out the Federal Reserve to get its interest rates down to "zero or less.""The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet," he said in a tweet.
"The USA should always be paying the lowest rate. No Inflation! It is only the naivete 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,'" Trump said in a follow-up post.
On previous occasions, Trump has frequently attacked the Federal Reserve and pressured it to lower interest rates and has time and again blamed the central bank for a recent slowdown in manufacturing, The Hill reported.
Last month, the US President said he would not prevent Federal Reserve Chairman Jerome Powell from leaving if he wanted to and called him an "enemy".
"Do I want him to resign? Let me put it this way: If he did, I wouldn't stop him," Trump said.
Amid the US-China trade war, the decline in manufacturing could affect Trump's re-election bid, as he has boasted about the state of the economy as one of his accomplishments. (ANI)Get a daily dose of San Jose Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Jose Sun.
More InformationWashington DC [US], June 30 (ANI): Taylor Swift and Travis Kelce were recently spotted spending quality time together in New York....
Washington [US], June 29 (ANI): Justin Bieber's little bundle of joy, son Jack Blues, who is just 10 months old, seems to be already...
BEIJING, June 28 (Xinhua) -- Here are the latest Chinese sports headlines from the past week: 1. China's Wang Xinyu finishes runner-up...
Washington DC [US], June 27 (ANI): Ahead of his anticipated appearance in 'Happy Gilmore 2', the Kansas City Chiefs star Travis Kelce...
Venice [Italy], June 27 (ANI): All eyes are on Amazon founder Jeff Bezos and former TV journalist Lauren Sanchez as the couple is all...
Venice [Italy], June 27 (ANI): Lauren Sanchez and Jeff Bezos' wedding festivities are in full swing in Venice. Renowned celebrities,...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...