US president is pressuring Fed to sharply lower interest rates
Fed policy rate of 1% is typically a sign of economic crisis
Cuts to that level could reignite inflation, raising government borrowing costs
WASHINGTON, July 14 (Reuters) - U.S. President Donald Trump says the Federal Reserve should...
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US president is pressuring Fed to sharply lower interest rates
Fed policy rate of 1% is typically a sign of economic crisis
Cuts to that level could reignite inflation, raising government borrowing costs
WASHINGTON, July 14 (Reuters) - U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill.
Trump should be careful what he wishes for.
A Fed policy rate that low is not typically a sign that the U.S. is the "hottest" country in the world for investment, as Trump has said. It is usually a...
SANTO DOMINGO (Continent Post) — The Justice Department of the Dominican Republic has set its sights on dismantling the operations of five prominent Narco families spread across...
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US president is pressuring Fed to sharply lower interest rates
Fed policy rate of 1% is typically a sign of economic crisis
Cuts to that level could reignite inflation, raising government borrowing costs
WASHINGTON, July 14 (Reuters) - U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill.
Trump should be careful what he wishes for.
A Fed policy rate that low is not typically a sign that the U.S. is the "hottest" country in the world for investment, as Trump has said. It is usually a...