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Attack below the belt: US President Trump calls central bankers as "fools"

2019-09-11T11:44:28.985Z

TIME ONLINE | News, backgrounds and debates



Washington (AP) - The attacks of US President Trump on the US Federal Reserve Fed go more and more under the belt. In a Twitter post on Wednesday Trump called the central bankers as "fools".

Federal Reserve Chairman Jerome Powell and his colleagues are "naïve". Background is once more from the point of view of Trump too high interest rates in the US, which in his opinion goes to the bank's account.

Trump called on the Federal Reserve to cut interest rates to zero - or even lower. Then you should start to refinance the debt. Probably Trump refers to the US government debt of more than $ 22 trillion. It is due to the naivety of Powell that the US could not do what other countries already do. The US missed the opportunity to reschedule for much lower interest rates for "fools," Trump said.

The US actually has a fairly high level of interest rates among developed countries. However, this is only partly due to the monetary policy of the Fed. Other factors that argue for higher US capital market rates are higher economic growth and higher inflation.

Trump Tweet

Source: zeit

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