As 9/11 Dawns, Trump Blasts Fed Members as 'Boneheads'

Voice of America
11 Sep 2019, 23:35 GMT+10

WASHINGTON - President Donald Trump says the U.S. is missing out economically because "Boneheads" at the Federal Reserve won't lower interest rates at his insistence.

The Fed is meeting next week and is expected to trim its benchmark rate by another quarter point after cutting the rate for the first time in a decade in July.

Trump has been pressuring Fed chairman Jerome Powell to drop rates to zero. The rate currently is in a range of 2% to 2.25%.

As the sun rose on Wednesday's anniversary of the 9/11 terrorist attacks, Trump tweeted, "It is only the naivete of Jay Powell and the Federal Reserve that doesn't allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of 'Boneheads.'"

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

31 ℃

Partly Cloudy in Seletar

International Business

Section

Lower expenses and low debt highlights of New Zealand financial report

WELLINGTON, New Zealand - The New Zealand government's books are in good shape with the accounts in surplus and expenses ...

Piyush Goyal to represent India at WEF 2020 at Davos

New Delhi [India], Jan 18 (ANI): Commerce and Industry Minister Piyush Goyal will represent India at the World Economic Forum ...

Lt Gen SK Saini to take over as Vice Chief of Army Staff

New Delhi [India], Jan 18 (ANI): Southern Army Commander Lieutenant General SK Saini will take over as the new Vice ...

All you need to know about halwa ceremony ahead of Budget

New Delhi [India], Jan 18 (ANI): The customary halwa ceremony, which marks the process of printing documents for the Budget, ...

Arcesium announces strategic investment from JP Morgan

Hyderabad (Telangana) [India], Jan 18 (ANI): Arcesium, an investment management technology and professional services firm, has announced that JP Morgan ...

CollegeDekho triples growth: Delivers admissions worth 1000 Crores

New Delhi [India], Jan 18 (ANI/NewsVoir): Education technology startup CollegeDekho has witnessed a strong outcome for its academic year ending ...

Construction

Section