WASHINGTON – President Donald Trump says the U.S. is missing out economically because “Boneheads” at the Federal Reserve won’t lower interest rates at his insistence.

The Fed is meeting next week and is expected to trim its benchmark rate by another quarter point after cutting the rate for the first time in a decade in July. Trump has been pressuring Fed chairman Jerome Powell to drop rates to zero. The rate currently is in a range of 2% to 2.25%.

As the sun rose on Wednesday’s anniversary of the 9/11 terrorist attacks, Trump tweeted, “It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads.”

President Donald Trump says the U.S. is missing out economically because “Boneheads” at the Federal Reserve won’t lower interest rates at his insistence.

Severe weather, including a probable tornado, struck South Dakota leaving a trail of damaged buildings, powerlines and trees.

Americans are commemorating 9/11 with mournful ceremonies, volunteering, appeals to “never forget” and rising attention to the terror attacks’ extended toll on responders.

Thirty new students are from Arizona, and nearly 100 moved from California. But the small town of Prosper, Texas, is expecting more growth – a lot more – so it built a $53 million high school football stadium outside Dallas, just two years after finally getting a Walmart.

Congress is holding an inquiry into the Trump administration’s decision to stop considering requests from immigrants seeking to defer deportation for medical treatment and other hardships.

…read more

Source:: Daily Times

      

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As 9/11 dawns, Trump blasts Fed members as ‘boneheads’

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