Trump:
- The Fed has to cut rates
- US is doing well even without rate cuts
- With rate cuts, the US will be doing better
- 1% is $360B in savings
- Rates should be down 300 points
Of course cutting rates does not guarantee lower rates where the Pres. wants to see lower rates unless the Treasury borrowed all in the short-term.
The FOMC meets on Wednesday and are largely expected to keep rates unchanged.
This article was written by Greg Michalowski at investinglive.com.
