Trump Pushes Fed To Slash Interest Rates To 1%, Sparking Inflation Fears

Biggest Banks’ Loan Yields Keep Falling Even as Fed Remains Wary

President Donald Trump is frustrated that the Federal Reserve hasn’t lowered interest rates this year. At the biggest US banks, loan yields are steadily dropping anyway.

Peter Navarro to Newsmax: Fed Board Must Cut Interest Rates Now

White House senior counselor Peter Navarro appeared on Newsmax on Tuesday, calling for the Federal Reserve's Board of Governors to bypass Chair Jerome Powell and vote independently to lower interest rates, accusing Powell of repeated policy failures that he said have consistently harmed the U.S. economy. Navarro, senior counselor for trade and manufacturing, said the U.S. is falling behind global economic trends and warning of a return to 1970s-…

‘Immediate disaster’ looms if Trump makes good on illegal threat: Editorial

The Washington Post editorial board slammed President Donald Trump on Tuesday for his escalating attacks against Federal Reserve Chairman Jerome Powell — whom he originally appointed — for not following his demands to lower interest rates as inflation begins to tick back up again."For months, Trump has demanded that the Fed lower interest rates, with no success," wrote the board. "Now, the administration’s attacks on Chair Jerome H. Powell are e…

Trump says Fed should cut policy rate by 3 points, citing 'very low inflation'

'Fed should cut Rates by 3 Points. Very Low Inflation. One Trillion Dollars a year would be saved!!!' US president says after higher-than-expected annual inflation data - Anadolu Ajansı

Trump calls Fed Chair Powell a 'knucklehead,' says interest rates should be below 1%

President Donald Trump on Monday slammed Federal Reserve Chairman Jerome Powell over his decision not to lower interest rates."We have a bad Fed chairman, really bad," Trump said at the White House. "If he would lower the rates, if he would lower the rates. And I tried being nice to the guy. It doesn't help. He's like a knucklehead. Oh, he's a knucklehead, a stupid guy. He really is."Trump also said he believes interest rates should be below 1%.…

Trump Pushes Fed To Slash Interest Rates To 1%, Sparking Inflation Fears

The current federal funds rate sits at 5.25–5.50%, held steady by the Fed to combat inflation and avoid overheating the economy.