President Trump Wants Zero Interest Rates, Told Powell

President Trump Wants Zero Interest Rates, Told Powell

$USD

President Trump said he “protested” US interest rates that he considers too high relative to other developed countries in a meeting Monday with Fed Chairman Powell.

Mr. Powell met with President Trump and Treasury Secretary Steven Mnuchin at the White House residence in the morning at the President’s request to discuss the economy. It was the 2nd face-to-face encounter this year between President Trump and Mr. Powell on the President’s demand that the Fed stimulate more.

At my meeting with Jay Powell this morning, I protested fact that our Fed Rate is set too high relative to the interest rates of other competitor countries. In fact, our rates should be lower than all others (we are the US). Too strong a Dollar hurting manufacturers & growth!

— Donald J. Trump (@realDonaldTrump) November 19, 2019

Making and Keeping America Great!

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.