Trump's Argument For Fed To Lower Interest Rates Is 'Batshit Crazy'

Trump's Argument For Fed To Lower Interest Rates Is 'Batshit Crazy'

The second quarter Gross Domestic Product report came in roughly in line with expectations. The surge in imports from the first quarter was reversed, which meant that imports were a large positive in the GDP accounts. That led to a 3.0 percent growth rate for the quarter. Averaged with the 0.5 percent decline from the first quarter, GDP grew at a 1.2 percent annual rate in the first half of the year.That’s a sharp slowing from the 2.8 percent ra…