• Grey Facebook Icon
  • Grey Twitter Icon
Subscribe

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.

President Trump Asks Fed To Cut Rates By 100 Basis Points

August 21, 2019

President Donald Trump asked the Federal Reserve to reduce rates by 100 basis points, as he believed that it was purposefully keeping the economy low with the 2020 election around the corner.

 

"Our Economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed, but the Democrats are trying to 'will' the Economy to be bad for purposes of the 2020 Election. Very Selfish! Our dollar is so strong that it is sadly hurting other parts of the world..." the President tweeted.

 

"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. If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!"

 

The President has been critical of Federal Reserve Chair Jerome Powell in the past especially when rate hikes were initiated by the Fed. 

 

"I'd rather pay down debt or do other things, create more jobs, so I'm worried about the fact that they seem to like raising interest rates,” Trump said at the time, according to HousingWire.

 

"We can do other things with the money."

 

To learn more about the President's order to the Fed, click on the image above

Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Gateway First Bank Expands With 34 New Mortgages Centers Across The Country

January 8, 2020

1/8
Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon