President Donald Trump won’t stop haranguing Federal Reserve Chairman Jerome Powell to cut the Fed interest rate — again — now by as much as a full percentage point. One entity that would save millions annually from such a move would be Trump’s own company — along with its various businesses.
Lower interest rates would also help Americans paying mortgages. But it would hurt people on fixed incomes with little or no debt who count on interest from savings accounts or savings vehicles such as Certificates of Deposit, which would pay less interest. A full-point rate percentage cut is typically done during an economic emergency — and Trump claims the American economy is booming. Critics say such a cut would leave the Fed with little extra stimulus space in the event the economy craters.
Story continues“Trade policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital spending in the United States,” Powell warned.
...and so would America's citizens. What is your point? It's a win for everyone! morewinning
So because he owns a company or has stake in it he shouldn't do what 1000s of companies would bring business to our shores? I've never heard of a worse case of TDS. Go home 'Boo-Hoo' news, you're drunk.
Trump does nothing unless he gains personally.