In a two-part tweet, the president says more easing would make the economy 'go up like a rocket.'
President Trump intensifies pressure on the Federal Reserve, calling for a 1 point rate cut and more quantitative easing.
President Donald Trump, in his most brazen attack yet on the Federal Reserve, called for the central bank on Tuesday to cut interest rates by 1 percentage point and to implement more money-printing quantitative easing. In the past, White House officials including Trump and top economic advisor Larry Kudlow have recommended the Fed cut rates by half a point. The tweets literally doubled down on that approach.
Following the president's prescription would take the fed funds rate back to its December 2017 level.
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