Business > U.S.

Trump wants hefty cut to interest rates

2 monthes ago   |   By Boston Herald

WASHINGTON - President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point “over a fairly short period of time,” saying that such an action would make the U.S. economy even better and would also “greatly and quickly” enhance the global economy.
In two tweets Monday, Trump kept up his pressure on the Fed and its chairman Jerome Powell, saying the U.S. economy was strong “despite the horrendous lack of vision by Jay Powell and the Fed.”
Powell is Trump's hand-picked choice for the top Fed job.
He said Democrats were trying to “will” the...
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Fed's Rosengren says cutting rates could worsen next downturn: Bloomberg

2 monthes ago   |   By Reuters

Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support further interest rate cuts, saying that U.S. economic conditions are still good and that easing policy could encourage a worrying debt build-up.
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Trump Dismisses Recession Fears, Says Fed Must Help The Economy

Trump Dismisses Recession Fears, Says Fed Must Help The Economy

2 monthes ago   |   By NPR

The Trump administration pushed back hard against warnings of an economic slowdown. But the president is also calling on the Federal Reserve to cut interest rates again to help boost growth.
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Trump calls on Fed to cut rates by 100 basis points amid recession fears

2 monthes ago   |   By The Washington Post

The president is seeking to play down the risk of a downturn while also pinning the blame for a potential downturn on the Federal Reserve.
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