- The Washington Times - Tuesday, July 30, 2019

President Trump said Tuesday he wants a “large cut” in interest rates by the Federal Reserve when the central bank meets tomorrow.

“I would like to see a large cut, and I’d like to see immediately the quantitative tightening stop,” he told reporters at the White House.

Mr. Trump has criticized the central bank for raising interest rates in 2018, saying it slowed the nation’s strong economic growth. He said for the Fed to do quantitative tightening, or gradually reducing its holdings of bonds, simultaneously with interest-rate hikes “was a big mistake.”

“I’m very disappointed in the Fed,” Mr. Trump said. “I think they acted too quickly by far, and I think I’ve been proven right. The Fed is often wrong.”

He added, “Fortunately, the economy is so strong that nothing’s going to stop us.”



Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide