Tuesday, April 30, 2019

Trump Calls on Fed to Cut Rates by a Full 1%

The inflationist-in-chief has spoken (again).

The Federal Reserve Board's monetary policy group, the Federal Open Market Committee, is meeting today and tomorrow. It has a sever inflationist bent, but not enough for combover man.

In a two-part tweet, he called on the Fed to cut rates by a full percentage point and to return to quantitative easing.
 The Fed currently targets its benchmark interest rate, the Fed Funds rate, in a range of between 2.25% and 2.5%.

Trump has about as much economic understanding of what could cause a sustained boom as Paul Krugman.



  1. What will the MMT’ers do when Trump is the one who says “hell yes”?

  2. That $2 Trillion has to come from somewhere. Ramp up those presses! Let's teach those EU losers a lesson, and print some $500 and $1,000 notes.

  3. Predictable Trump. No reason to believe these tweets represent any actual view on monetary policy. He has been taking as much credit as he can all the way up, and he is making preemptive excuses so it will be harder to blame him on the way down. If things go badly, he can point at the Fed; if things go well, he can take credit and say it was despite the Fed.