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President Donald Trump Raised Monday, March 24th, 2009, on the Federal Reserve, calling for the central bank to cut interest rates and a full percentage point and to restart its crisis-era money-printing program.
In this case, the Chairman of the Board of Directors said that the Chairman of the Board of Directors said that he should be hastened by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.
Criticizing the Fed is nothing new for Trump, who has stated his desire for a weaker dollar and is more competitive with other countries around the world. The Fed approved a quarter-point cut at this July meeting, which has not stopped Trump from wanting more.
"Our dollar is so that it is sadly hurting other parts of the world," he said.
Trump also has been hammering away at what he calls "quantitative tightening," or the Fed's efforts to reduce the amount of bonds it has. The Fed acquires the assets during and after the financial crisis, in an effort to buffer downward and downward-looking riskier assets like stocks and corporate bonds.
In previous shots at the Fed, he has asked that the Dow Jones Industrial Average would be 10,000 points higher and the economy would be more than a bit higher.
His latest tweet again calls for "some" quantitative easing, which is sometimes referred to as "money printing" though it does not involve the actual creation of paper currency.
Markets widely expecting the Fed to meet another 25 basis point cut at its September meeting, and probably one more before the end of the year.
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