U.S. President Donald Trump required prior to the telephone conference of the Central banks of seven leading industrial Nations (G7) of its own currency, the guardians of a strong reduction in interest rates. “Our Federal Reserve makes us higher interest rates to pay than many others, although we should actually pay less,” tweeted Trump on Tuesday. “It’s tough for our exporters at a disadvantage the U.S. in the competition. It must be exactly Vice versa. We should loosen up the interest rates and sharply lower.”
….paying higher Council than many others, when we should be paying less. Tough on our exporters and puts the U.S. at a competitive disadvantage. Must be the other way around. Should ease and cut rate big. Jerome Powell led the Federal Reserve has called it wrong from day one. Sad!
— Donald J. Trump (@realDonaldTrump) March 3, 2020
Trump has criticised the US Central Bank chief Jerome Powell repeatedly in the recent past and interest rate cuts are required. The Republicans are touting in the beginning of the presidential campaign , with good economic , falling unemployment and the stock market boom ends. The worldwide spread of the Coronavirus is a threat to the world’s largest economy and could diminish trump’s re-election chances.
The G7 Central banks for advice on antidotes. Lower interest rates can boost investment and consumption, and the economic relaunch. Public claims of U.S. presidents on the domestic Central Bank were in front of Trump unusual. The task of the independent Fed is to keep Inflation in check and to full employment. (fal/reuters)
Created: 03.03.2020, 09:18 PM
