President Trump blasted the Fed on Twitter, when he said the U.S. Is missing out economically because “boneheads” there won’t lower interest rates at his insistence.
The Federal Reserve is meeting next week and is expected to trim its benchmark rate by another quarter point…
After cutting the rate for the first time in a decade in July.
Trump has been pressuring Fed Chairman Jerome Powell to drop rates to zero.
The rate currently is in a range of 2% to 2.25%.
Trump tweeted, “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.”
Source: NewsNet | Trump: “Boneheads” at Fed Costing U.S. Opportunities