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.
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.