Trump Tweets at FED to Cut Interest Rates

On Tuesday, Trump tweeted to Fed to cut interest rates by one percent for quantitative easing as the US GDP grows at a robust rate of 3.2 percent. US President Donald Trump posted this tweet a day prior to the Fed’s FOMC statement and interest rate decision.

This is not the first time that Trump has called Fed out in a bid to cut interest rates. Leading economic adviser Larry Kudlow too has lent his support for this move in the past, urging Fed to cut interest rates by 0.5 percent.

A strong GDP coupled with low inflation has been the main reason behind Kudlow’s and others’ calls for a rate cut. Typically, central banks hike interest rates to keep prices in check when the economy grows.

Since December 2015, the US Federal Reserve has hiked interest rates nine times till the present rate at 2.5 percent. In March 2019, the Fed has also confirmed that there would be no more rate hikes in 2019, even though markets were expecting two rate hikes this year.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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