berg80
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- Oct 28, 2017
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You mean the way Trump has said he would pressure the Fed to "juice the economy" if he is re-elected?A former Trump administration official predicted the Federal Reserve would cut interest rates in 2024 to “juice the economy” before the election.
Former President Donald Trump complained that interest rates are too high and indicated that if he gets another term in office, he might pressure Federal Reserve Chair Jerome Powell to loosen monetary policy.
In an interview set to air Sunday on NBC’s “Meet the Press,” Trump also hinted that he would at least consider removing Powell.
“Interest rates are very high. They’re too high. People can’t buy homes. They can’t do anything. I mean, they can’t borrow money,” Trump told MTP host Kristen Welker during her premiere on the long-running talk show. Welker replaces Chuck Todd, who hosted his final show last week.
Trump bemoans high interest rates and indicates he might pressure Fed to lower
Trump indicated that if he gets another term, he might pressure Federal Reserve Chair Jerome Powell to loosen monetary policy.
www.cnbc.com
Biden, as he should, has let the Fed do its work without trying to pressure them to do anything.