^^ Yep. It seems he'll do anything in order to get re-elected [[and potentially to stay out of jail). At the incredible expense of our future, our children's, and our grandchildren's.
Trump reverses course, seeks negative rates from Fed 'boneheads'
https://www.reuters.com/article/us-u...-idUSKCN1VW1CW
"Trump, in a pair of Twitter posts, said negative rates would save the government money on its debt, which including Social Security accounts has reached a record $22 trillion on Trump’s watch."
"The president’s comments precede a week in which the world’s major central banks, including the Fed, are expected to lower rates or otherwise loosen monetary policy in what is widely seen as a move to protect the global economy against risks partly rising from Trump’s trade war with China.
But the quarter of a percentage point cut expected by the Fed is not likely to satisfy Trump, who has called on Powell and the Fed to quickly and dramatically cut rates as a way to boost slowing U.S. economic growth ahead of his re-election bid next year."
"Trump could also personally save millions of dollars a year in interest if the Fed lowers rates, given the outstanding loans on his hotels and resorts."
Nothing hilarious about that. Just horribly, desperately sad. Like Trump.
Why skyrocketing federal debt will mean the next recession is harder to overcome
https://www.pbs.org/newshour/show/wh...er-to-overcome
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