President Trump on Monday called on the Federal Reserve to stimulate what he called a “very strong” economy as the White House tries to tamp down rising fears of a global recession.
In a pair of Monday tweets, Trump renewed his call for the Fed and its chairman, Jerome Powell, to cut interest rates. The president simultaneously touted the strength of the U.S. economy while ripping the central bank for failing to fix it.
Trump also accused Democrats of attempting to tank the economy to damage his chances ahead of the 2020 election, but did not explain how they were doing so.
…..The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well. If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!
— Donald J. Trump (@realDonaldTrump) August 19, 2019
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Trump pressures Fed to boost "very strong" economy amid recession fears https://t.co/UUZ44nQ25b pic.twitter.com/SIZuOiPeBm
— The Hill (@thehill) August 19, 2019
Recapping this morning's messaging from the White House: The economy is doing great.
There definitely won't be a recession.
PANIC PANIC PANIC https://t.co/C27FthwBNp— Binyamin Appelbaum (@BCAppelbaum) August 19, 2019
If the economy is so strong, why does it need stimulation?
Trump must be feeling his re-election slipping away. His supposedly strong economy is about to swirl the bowl. Of course, he won’t take responsibility for the economy’s collapse. Can’t possibly be due to his idiotic trade war, right?
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