>> the first rule for a president in talking about the federal reserve is never talk about the federal reserve. you don't want to appear to be weighing in and pressuring them. that's what president trump seemed to be suggesting is he didn't like the direction that jerome powell, his own nominee to head the fed, was taking my raising interest rates of why does he want to keep interest rates low? he wants to keep the economy humming and having cheaper money out there and have a debt-fueled growth. the issue with the economy right now, and this is why the fed is raising rates and why they have these very serious discussions every few weeks there at the federal reserve is you don't want an overheated economy. if the economy does go south, you want to have capacity to somehow stimulate it again. the general rule is don't talk about monetary policy, but this is a president who's violated long-standing rules before. remember, he hinted that he knew what the jobs numbers were friday morning before they came out. in the past, he's been hinting about the idea of wanting a weaker dollar to help exports. this is not something that is done at the presidential level
Related Keywords
Donaldj Trump , Rule , Reserve , Direction , Nominee , Federal Reserve , Jerome Powell , Interest Rates , Economy , Growth , Issue , Money , Rates , Economy Humming , Capacity , Discussions , Dont Talk About Monetary Policy , Ago South , Something , Idea , Jobs Numbers , Rules , Level , Exports , Dollar ,
comparemela.com © 2020. All Rights Reserved.