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The Donald Suggests The Fed Reduce Rates By 1%, Enact More QE, In Order To Deal With Debt

The Donald Suggests The Fed Reduce Rates By 1%, Enact More QE, In Order To Deal With Debt

U.S. President Donald Trump called for the Federal Reserve to lower short-term interest rates and float more ‘quantitative easing’ back into the economy as inflation remains low. He made the comments as the Federal Reserve Open Market Committee (FOMC) meets to decides on monetary policy this week.

The comment on the soaring national debt shows POTUS is worried about America’s mounting obligations and would rather juice the GDP portion of the debt to GDP ratio in order to make the number look smaller than the worrying levels it is reaching today. In other words, like any businessman, he would rather grow our way out of the problem.

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