Trump calls on Fed to cut interest rates to zero 'or less'

The central bank has increasingly become a target of verbal assaults out of the White House ahead of the 2020 elections. As it becomes increasingly apparent that the United States economy has slowed in 2019, Mr Trump has publicly berated Fed chair Jerome Powell and the central bank for failing to loosen monetary policy fast enough.

President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to restructure Treasury debt at a lower cost.

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The PM is expected on Tuesday to continue to campaign for the election he is yet to have any success in triggering. Opposition MPs said a law blocking a no-deal Brexit must be enforced first.


Policymakers are highly unlikely to cut to the extent Trump wants. "No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn't allow us to do what other countries are already doing", Trump wrote in a pair of early morning tweets. The Fed's benchmark rate is now 2%-2.25% following a quarter-point reduction on July 31 - the first cut since the Fed lowered rates effectively to zero in 2008, during the worst financial crisis and economic downturn since the Great Depression. A once in a lifetime opportunity that we are missing because of "Boneheads".

Trump has in recent weeks sought to shift focus away from his trade policies, which have only added to strains on an economy already expected to cool this year.

Valencia axe coach Marcelino
This afternoon Valencia dropped a bombshell by announced that Marcelino Garcia Toral had been sacked as the club's head coach. Former Barcelona midfielder Celades, who took his first training session on Wednesday, has joined the club until June 2021.


Trump's post follows release of Washington Post - ABC News poll yesterday that showed majority of Americans fear USA will enter a recession within next year.

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Youcef Atal convoité par Chelsea et le FC Valence — OGC Nice
Le piston de l'OGC Nice , encore sous contrat jusqu'en 2023, pourrait être le sujet d'une offre de 40 millions d'euros environ. Les deux clubs seraient même d'accord pour ouvrir les négociations avec le GYM dès le mercato hivernal.


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