What message would that send about the value of the U.S. dollar?
President Trump’s suggestion to cut interest rates to zero or below could have some unpleasant effects for people who are close to, or in, retirement.
Still, the president suggested on Twitter on Wednesday that the Federal Reserve should not only cut interest rates, but bring them to zero or below. “The USA should always be paying the lowest rate. No inflation!” he wrote. “It is only the naivete 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.
....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.” The Federal Reserve is expected to cut interest rates, but only about a quarter of a percentage point, to 1.75% or 2%.
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