President Trump has called on the fed to cut interest rates to stimulate the economic growth and because there is not inflation. He has stated several times that this has slowed down the economy.He also stated that they should get rid of quantitative tightening. He has now put his efforts to try to build allies and at the Fed. Trump blames the Feds for economic growth falling short of the 4 percent annual rate last year. Despite that, the labor department reported employers adding 196,000 jobs last month. The trade war has begun to hurt some American Industries, and growth in China.
https://www.nytimes.com/2019/04/05/business/economy/trump-fed-interest-rates.html
1 comment:
The President is once again relying on growth as the end all be all in the economy. I agree with Paige that the Trade War has not been helpful in this matter of growth and now the President must try to stimulate growth elsewhere. Overall in regards to the President's requests, he seems to be getting his requests. No rate hikes for the rest of 2019 and an eventual end to QT leaving the Fed Balance Sheet well above what it was originally intended to be.
Post a Comment