Getty Images President Donald Trump expressed support for negative interest rates on Wednesday, and observed the anniversary of the Sept. 11, 2001 terrorist attacks in ceremonies at the White House and the Pentagon.
NEGATIVE RATES AND ‘BONEHEADS’ AT FED
Trump’s latest round of Federal Reserve bashing came with a twist: he became the first U.S. president to say he’d want interest rates below zero, as MarketWatch reports.
See: Trump tweets support for negative interest rates.
The president’s tweets — in which he called Fed officials “Boneheads” — came as the central bank is readying for its Sept. 17-18 policy meeting. He said the Fed should bring rates “down to ZERO, or less.” Wall Street, meanwhile, is expecting the rate-setting Federal Open Market Committee to trim its benchmark interest rate by a quarter-percentage point to a range of 1.75%-2%.
Also read: JPMorgan boss Jamie Dimon keeps one eye on zero rates.
U.S. Treasury yields TMUBMUSD10Y, -0.25% dipped slightly as stocks SPX, +0.25% rose.
TERRORIST WARNING ON 9/11
Speaking at the Pentagon after observing a moment of silence on the South Lawn of the White House, Trump also issued a warning to terrorists who would attack the U.S. again.
Trump said: “if for any reason they come back to our country, we will go wherever they are, and use power, the likes of which the United States has never used before.”
Shortly before marking the moment of silence, Trump tweeted three times criticizing a Washington Post-ABC News poll that showed him trailing five Democratic presidential contenders. He said it was done by “one of the worst pollsters of them all.”
Now see: Here’s who America’s CEOs are backing in the Democratic presidential race.
Sign up for Trump Today and more MarketWatch newsletters.
Add Comment