President Donald Trump said on Friday the U.S. Federal Reserve should lower interest rates and take other unconventional measures to ease pressure ...
WASHINGTON/NEW YORK: President Donald Trump said on Friday the US Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy that he said they slowed down.
The renewal of quantitative easing, Trump said, should be in addition to interest rate cuts - a likely worrying thought, at this point, for Fed officials who describe such a combination of tactics as only appropriate in a dire downturn.On Thursday, Trump said he plans to nominate his political ally Herman Cain, the former head of Godfather's Pizza, to one of two vacancies on the Fed's seven-member Board of Governors.
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