Because the US is about on the verge of bankruptcy. We are borrowing money to pay the interest on the national debt, and then have to pay more interest on that borrowed money. The Fed is trying to force the US into bankruptcy. Trump is trying to force the Fed to lower the rate so that the US can run the government, and the excess can be used to pay down the debt instead of pay more interest on the debt.
Drop interest rates and the US can service the principle on the debt instead of just paying interest.
They don't want this country out of debt. Solution take back the printing of US currency, and tell the Fed to go pound sand.
At the proper time, I bet POTUS has something up his sleeve to play against the FED.
He ALWAYS seems to have something up his sleeve.
Why drop interest rates?? Does anyone here have money in a bank or online bank savings account? That pays over 4% interests on their money?
4% minimum is an ideal rate. This .oooo1% at banks is criminal.
Back in Reagans day in the 80's interests were very high.
Why drop interest rates?
Because the US is about on the verge of bankruptcy. We are borrowing money to pay the interest on the national debt, and then have to pay more interest on that borrowed money. The Fed is trying to force the US into bankruptcy. Trump is trying to force the Fed to lower the rate so that the US can run the government, and the excess can be used to pay down the debt instead of pay more interest on the debt.
I definitely want the Fed gone. I need to look into the bankruptcy angle a bit more.