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US President Trump “FRB has zero interest rate or negative interest rate” | NHK News

2019-09-11T15:41:17.579Z

In preparation for next year's presidential election, US President Trump, who is focused on economic expansion, is the central bank's FRB = 2% of the Federal Reserve ...



US President Trump "FRB has zero interest rate or negative interest rate" September 12, 0:37

In preparation for next year's presidential election, US President Trump demanded that the central bank's FRB = Federal Reserve's policy interest rate range between the zero and negative interest rates. It is a form that put pressure again, showing bold numbers before the next week's FRB meeting.

President Trump posted on Twitter on the 11th that “FRB should cut interest rates to zero or less” and requested that the interest rate be zero or negative.

The FRB decided to cut interest rates for the first time in 10 and a half years at the end of July and just lowered the policy rate from 2% to 2.25%, but President Trump has expressed dissatisfaction that further rate cuts are necessary.

This time, the reason behind the significant rate cut is that President Trump wants to maintain the expansion of the economy by drastically reducing the interest on corporate loans and consumer loans. It is a form where pressure was given again by showing bold numbers before the meeting.

President Trump also criticized, “It is because of Powell's simplicity that FRB does not do it in other countries.”

Chair Powell suggests that additional interest rate cuts may be taken to prevent a slowdown in the economy, but he stressed “no political considerations” in deciding monetary policy and attracted attention next week's judgment. That's right.

Source: nhk

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