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Donald Trump says Fed should cut interest rates by 1 percentage point

Trump said in a Twitter post in which he also lamented that the US dollar is so strong that "it is sadly hurting other parts of the world"

Reuters 

Europe, China playing a 'big currency manipulation game': Donald Trump
US President Donald Trump

US President said on Monday the Federal Reserve should consider cutting interest rates by 1 percentage point and advocated "some quantitative easing" as he continued his pressure campaign on the central bank.

"The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well,"

Trump said in a Twitter post in which he also lamented that the US dollar is so strong that "it is sadly hurting other parts of the world."

First Published: Mon, August 19 2019. 21:14 IST
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