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Trump calls on Fed to cut rates by 1% and urges more quantitative easing
President Donald Trump, in his most brazen attack yet on the Federal Reserve, called Tuesday for the central bank to cut interest rates by 1 percentage point to implement more money-printing quantitative easing. In a two-part tweet, the president compared the Fed to its China counterpart and said if monetary policy in the U.S. was looser, the economy would “go up like a rocket.” In the past, White House officials including Trump and top economic advisor Larry Kudlow have recommended the Fed cut rates by half a percentage point. The Tuesday tweets literally doubled down on that approach. The Fed currently targets ... (full story)
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