Yep let's take rates to zero percent, how about we just take them negative and drop more quantative easing for the economy. Because we need a "rocket ship", because 10 straight years of economic expansion, historical low rates, historical highs in stocks, historical job numbers etc etc just isn't enough...why stop at lowering rates to zero, let's hand out trillions of more dollars and give everyone free money. Let's give the banks even more power and give them more money, everyone will be rich. Hey maybe the 50+ million in poverty will worth hundreds of thousands.
So the fed has gone crazy on how they manage interest rates, yea instead of 2.5% they should be at 5-6-7% not zero.
Just like every past fed they have bowed to wallstreet and I feel the same thing is going to happen. All this talk and anticipation of lower rates is going to start putting wallstreet in a frenzy about not if but when will the fed cut rates. The fed will cave in bow to wallstreet and handover lower interest rates ....just because.....
Trump: 'If we had a Fed that would lower interest rates, we'd be like a rocket ship'
Michael Sheetz | @thesheetztweetz
Published 3 Hours Ago Updated 2 Hours AgoCNBC.com
President Donald Trump lambasted the Federal Reserve yet again on Friday, saying he thinks the economy will "be breaking records" even though the central bank has rates set too high.
"If we had a Fed that would lower interest rates, we'd be like a rocket ship. But we're paying a lot of interest and it's unnecessary but we don't have a Fed that knows what they're doing so it's one of those little things," Trump said. "But if we had a Fed that would lower rates, we would have a rocket ship."
Trump has repeatedly criticized the Fed's decision to maintain interest rates this year, even as Chairman Jerome Powell has highlighted the slowing global economy. Trump has been heavily critical of Powell's decisions at the Fed, going as far as to say that "the Fed has gone crazy" with how it's managed interest rates.
www.cnbc.com/amp/2019/07/05/trump-if-we-had-a-fed-that-would-lower-interest-rates-wed-be-like-a-rocket-ship.html
So the fed has gone crazy on how they manage interest rates, yea instead of 2.5% they should be at 5-6-7% not zero.
Just like every past fed they have bowed to wallstreet and I feel the same thing is going to happen. All this talk and anticipation of lower rates is going to start putting wallstreet in a frenzy about not if but when will the fed cut rates. The fed will cave in bow to wallstreet and handover lower interest rates ....just because.....
Trump: 'If we had a Fed that would lower interest rates, we'd be like a rocket ship'
Michael Sheetz | @thesheetztweetz
Published 3 Hours Ago Updated 2 Hours AgoCNBC.com
President Donald Trump lambasted the Federal Reserve yet again on Friday, saying he thinks the economy will "be breaking records" even though the central bank has rates set too high.
"If we had a Fed that would lower interest rates, we'd be like a rocket ship. But we're paying a lot of interest and it's unnecessary but we don't have a Fed that knows what they're doing so it's one of those little things," Trump said. "But if we had a Fed that would lower rates, we would have a rocket ship."
Trump has repeatedly criticized the Fed's decision to maintain interest rates this year, even as Chairman Jerome Powell has highlighted the slowing global economy. Trump has been heavily critical of Powell's decisions at the Fed, going as far as to say that "the Fed has gone crazy" with how it's managed interest rates.
www.cnbc.com/amp/2019/07/05/trump-if-we-had-a-fed-that-would-lower-interest-rates-wed-be-like-a-rocket-ship.html
