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Trump urges Federal Reserve to lower rates: 'Don't blow it!'


Added 07-19-19 12:22:01pm EST - “President Trump urged the Federal Reserve Friday to lower interest rates to spur "unparalleled" growth, telling the central bank, "Don't blow it!"” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Trump urges Federal Reserve to lower rates: ‘Don’t blow it!’”. Below is an excerpt from the article.

President Trump urged the Federal Reserve Friday to lower interest rates to spur “unparalleled” growth, telling the central bank, “Don’t blow it!”

“This is our chance to build unparalleled wealth and success for the U.S., GROWTH, which would greatly reduce % debt,” the president tweeted.

The Fed will meet at the end of this month, when it’s widely expected to lower interest rates. The president has been criticizing Fed Chairman Jerome Powell and the board of governors for raising rates four times in 2018, saying it has prevented the economy from growing at an even faster pace.

Mr. Trump said there is almost no inflation, “but it is no thanks to the Federal Reserve.”

“Had they not acted so fast and ‘so much,’ we would be doing even better than we are doing right now,” he said on Twitter. “Also must stop with the crazy quantitative tightening. We are in a World competition, & winning big.”

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