US EditionExplainer-Why Trump's push for a 1% Fed policy rate could spell trouble for US economy
UNITED STATES, JUL 14 – Trump wants the Federal Reserve to cut interest rates to 1% to lower borrowing costs amid rising deficits, despite risks of renewed inflation and concerns about central bank independence.
7 Articles
7 Articles
Why Trump’s push for a 1% Fed policy rate could spell trouble for U.S. economy
U.S. President Donald Trump says the U.S. Federal Reserve should set its benchmark interest rate at one per cent to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill.
Denver Gazette
MSNExplainer-Why Trump's push for a 1% Fed policy rate could spell trouble for US economy
By Howard Schneider
Reducing the U.S. Federal Reserve (Fed) reference rate to 1% would not have the results that President Donald Trump expects for his country's economy.
U.S. President Donald Trump said the Federal Reserve should set its benchmark interest rate at 1% to reduce the government's borrowing costs, which would allow the government to finance the high and rising deficits expected by its spending bill and tax cuts. Such a low rate does not usually indicate that the U.S. is the world's most attractive country for investment, as Trump has said.It is often a response to the crisis of a severely troubled e…
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