US President Donald Trump says economy would ‘rocket’ if Fed cut rates

first_img US President Donald Trump said the Federal Reserve should cut interest rates, saying the economy would take off “like a rocket ship” if they did.Speaking following the release of US jobs data which showed a strong rebound in hiring in March, Trump said the US central bank “really slowed us down”, CNBC reported. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily Funny Share whatsapp Friday 5 April 2019 4:27 pm Trump told a press conference he thought the Fed “should drop rates and get rid of quantitative tightening”, the selling of bonds and securities bought to stimulate the economy after the financial crisis.The Fed, under the leadership of Trump nominee Jay Powell, raised interest rates four times in 2018.At its last meeting, the central bank decided to hold interest rates amid a gloomy global economy and trade wars with China.Today’s figures from the Bureau of Labor Statistics showed that wage growth slowed to 3.2 per cent in March compared to a year earlier, from 3.4 per cent in February, but new jobs increased by 196,000. The mixed data will be seen by many as justifying the Fed’s decision to hold rates.On Thursday Trump announced that he had recommended ally Herman Cain, former chief executive of pizza chain Godfather’s, for a position on the board of the Federal Reserve. center_img Harry Robertson More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi US President Donald Trump says economy would ‘rocket’ if Fed cut rates Tags: Trading Archive whatsapplast_img

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