MoneyNewsWorld

Trump: Fed must implement a significant interest rate cut

UNITED STATES (OBSERVATORY NEWS) — US President Donald Trump on Tuesday called on the Federal Reserve to cut interest rates significantly, saying that high borrowing costs have a difficult impact on exporters and put the country at a disadvantage.

“The Federal Reserve makes us pay higher interest rates compared to many others, while we have to pay less,” Trump wrote on Twitter. Difficult for our exporters and places the USA in a competitive disadvantage. The opposite should happen.”

Trump has repeatedly criticized Fed Chairman Jerome Powell in recent earlier times and said the bank was keeping interest rates too high.

Online:

This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

Contact us: [email protected]

Stay connected with Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.