President Donald Trump continued pounding the Federal Reserve, which he blames for slowing the economy, tweeting that the central bank should cut interest rates to zero or even set negative interest rates.
“The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term,” he said
The Fed is expected to approve another quarter-point rate cut at its meeting next week, following July’s reduction that was the first such move in 11 years. Markets foresee one more reduction before the end of the year and another in early 2020.
Two weeks ago, Trump called on the Feds to lower interests rates.