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This because of donald trump s tweet you know the u.s. president is constantly putting pressure on the fed to cut rates but the fed has the same reason that mario draghi mentioned in that sound bite you just played also in the united states the outlook for businesses has become more in secure inflation perspectives have weakened so the fed is inclined to do something by the way the u.s. budget deficit the deficit of the united states has just reached one trillion u.s. dollars again so off course mr trump wants no or interest rates it allows the treasury to take on more debt and of course it reduces the borrowing costs for the united states there is a lot of resistance to what the e.c.b. did yesterday though and it s not just trump. no it s not just trump ....
Revenue. we ve had to left the debt ceiling earlier than maybe peoples that expected. that didn t work. didn t pay for itself. the president has repeatedly been calling for the fed to cut rates and the markets believe that is a near certainty to occur next week. larry kudlow suggesting on wsj at large with jerry baker that three rate cuts might be needed. i will say the market the expecting three 25 basis point cuts. my own personal view and the fed is independent, i m not going to preach, they re going to do what they re going to do, i d say the sooner the better. in latest twist, the president is threatening a tariff against french wine as a direct respect of france s new dill tax. the president saying it s the ....
Hasn t produced the revenue to lift the debt ceiling earlier than people expected. that didn t work. it didn t pay for itself. reporter: the president has been calling for the fed to cut rates and the markets believe it is a near certainty to occur next week. the president s top economic adviser larry kudlow suggested with jerry baker that three rate cuts might be needed. i will say the market, 23 basis point rate cuts. my personal view. the fed is independent, the sooner the better. donald trump is threatening a tariff against french wine. france s digital tax, the president saying of france it is ....