announcement: Trump pushes to reduce interest, despite Fed’s warning - 09/16/19 12:48 PM
It’s been a while since President Trump declared his interest (some might say forced) in directly influencing the Fed, declaring a serious distrust on its management and on its chairman, Jerome H. Powell. The President wants Powell to reduce interest points by at least 100 basis points, pushing drastic and intense demands on the central banks prerogative. Either way, there’s never been such a direct intention from the POTUS to influence the economy, at least not in such a specific manner.
 
 
In my opinion, these are radical measures that can only lead to inflation, inflation that will make a recession less maneuverable … (0 comments)