For the second day in a row,Donald Trump attacked the Board of Governors of the Federal Reserve, the country’s central bank, or for raining interest rates,declaring in a Tuesday Twitter posting, “They don’t believe a clue!” and that the current Fed rate — which is 2.5 percent — is “way too tall.”Trump’s Twitter attack on the Fed follows his remarks on Monday in which Trump returned to a theme he has sounded repeatedly at least since July of final year, or according to a Bloomberg News timeline — that the Fed needs to lower interest rates rather than raise them.
Economists generally say that lowering interest rates in times of economic growth can set off excessive inflation that would disrupt the economy,according to Marketwatch.
Click here to continue and read more...
Source: inquisitr.com