Breaking: Trump Blasts Fed as ‘Slow to Act’

Mar 02, 2020

Back Economy News

President Donald Trump took to Twitter again to criticize the Federal Reserve and Chairman Jerome Powell Monday, arguing the central bank is falling behind compared with other countries.

“As usual, Jay Powell and the Federal Reserve are slow to act. Germany and others are pumping money into their economies,” Trump tweeted. “Other Central Banks are much more aggressive. The U.S. should have, for all of the right reasons, the lowest Rate. We don’t, putting us at a … competitive disadvantage. We should be leading, not following!”

Trump did not give a specific level he’d like interest rates to be at, but to be the lowest Treasury bonds would have to have negative interest rates to be the lowest globally.

There is a 100% chance of a 50-basis-point cut at the FOMC meeting in March, according to ’s Fed Rate Monitor Tool. There is more than a 70% chance of a further 25-basis-point cut in April.

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