Is Trump threatening to sabotage the economy to force Fed rate cuts?
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Is Trump threatening to sabotage the economy to force Fed rate cuts?
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President Donald Trump threatened on Friday to prevent the US from trading with many nations unless the Federal Reserve lowers interest rates.
“LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged ‘the President’ has an absolute right to do,” Trump said in a post on Truth Social. “IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart - BE PATRIOTS for a change.”
Will the threat work? Does it even make sense? A CNN NewsNight panel debates.
0:00 Trump's threat to the Fed
1:07 Does Trump understand how the economy works?
3:27 Is Trump acknowledging that tariffs are bad?
5:36 Would cutting rates actually spur investment?
Watch 24/7 live news with CNN Headlines: https://bit.ly/4eIvlTr
#Trump #economy #News
“LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged ‘the President’ has an absolute right to do,” Trump said in a post on Truth Social. “IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart - BE PATRIOTS for a change.”
Will the threat work? Does it even make sense? A CNN NewsNight panel debates.
0:00 Trump's threat to the Fed
1:07 Does Trump understand how the economy works?
3:27 Is Trump acknowledging that tariffs are bad?
5:36 Would cutting rates actually spur investment?
Watch 24/7 live news with CNN Headlines: https://bit.ly/4eIvlTr
#Trump #economy #News
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