WASHINGTON – President Donald Trump said today that the United States is losing economic opportunities because the "stupid" Federal Reserve does not reduce interest rates as he claims.
The Fed will meet next week and will foreseeably reduce its benchmark rate by a quarter point as it did in July for the first time in 10 years. Trump has pressured Fed president Jerome Powell to reduce the rate to zero. It currently ranges from 2% to 2.25%.
…. The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté 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.”
– Donald J. Trump (@realDonaldTrump) September 11, 2019
At the dawn of a new anniversary of the terrorist attacks of September 11, Trump tweeted: “Only the ingenuity of Jay Powell and the Federal Reserve does not allow us to do what other countries are already doing. We are missing an opportunity that presents itself only once in life because of the "stupid".