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Trump criticizes Powell again: Idiots may not cut interest rates today

Internet reported that U.S. President Trump again criticized Federal Reserve Chairman Powell on Wednesday, just hours before the Fed announced its interest rate decision. Trump said the United States had collected $88 billion from tariffs and had "no inflation," renewing his call for lower interest rates. He said: "If the Fed cuts interest rates, we will buy U.S. bonds at a lower price. But frankly, we have a stupid guy at the Fed who may not cut rates today. He did a terrible job. We should cut interest rates by 200 basis points, and it would be better if we could cut interest rates by 250 basis points. I plan to adopt a short-term strategy and cut interest rates significantly before switching to a long-term strategy."

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