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Thread: Trump Discussed "Negative Interest Rates" In Unscheduled Monday Meeting With Fed

  1. #1
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    Default Trump Discussed "Negative Interest Rates" In Unscheduled Monday Meeting With Fed



    First Trump's unscheduled trip to Walter Reed Hospital Saturday... now this unscheduled meeting with Fed Chairman today [Monday] ??


    Trump Says Discussed "Negative Rates"
    In Unscheduled Monday Meeting With Chair Powell


    by Tyler Durden

    Mon, 11/18/2019

    " Update (1120ET): Since details emerged that President Trump and Fed Chair Powell discussed the dollar and negative rates, the dollar has tumbled..."
    .

    " Statement on Chair Powell's meeting with the President and the Treasury Secretary

    At the President's invitation, Chair Powell met with the President and the Treasury Secretary Monday morning at the White House to discuss the economy, growth, employment and inflation."

    more info at link

    https://www.zerohedge.com/markets/fe...monday-morning



    Mon November 18, 2019

    " (CNN) - President Donald Trump held an unannounced meeting with Federal Reserve Chairman Jerome Powell at the White House residence on Monday... "
    .
    " Trump has routinely attacked Powell, a former investment banker, over interest rate moves - breaking previous presidential precedent that called for keeping the world's most powerful central bank out of politics. "
    .
    "Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything was discused including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc.," Trump tweeted following the meeting.


    more at link

    https://www.cnn.com/2019/11/18/polit...ing/index.html



  2. #2
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    So he 'discussed it' doesn't mean he will go through with the negative rates. He discussed alone with other ways at the same time. Doom and gloom at its best I am glad he has discussed Multi ways to share up the economy and get business back on track. Doesn't mean negative rates are a coming either.

  3. #3
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    Quote Originally Posted by Hoppalong View Post


    So he 'discussed it' doesn't mean he will go through with the negative rates. He discussed alone with other ways at the same time. Doom and gloom at its best I am glad he has discussed Multi ways to share up the economy and get business back on track. Doesn't mean negative rates are a coming either.



    Not only has Trump been repeatedly hounding Fed Chairman Powell [who Trump appointed] to keep lowering interest rates... Trump has also been repeatedly advocating negative interest rates.



  4. #4
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    I've posted several topics here about negative interest rates.

    Below is a quote from my September 11 topic [ironic date !]


    Trump Tweets Negative Interest Rates !!

    http://www.thetreeofliberty.com/vb/s...nterest-Rates-!!



    Quote Originally Posted by KingsX View Post




    I've been posting here for many weeks about Trump constantly attacking his own Fed Chairman Powell and negative interest rates... see my previous topic:

    http://www.thetreeofliberty.com/vb/s...interest-rates



    TRUMP TWEETS
    NEGATIVE INTEREST RATES !!


    FOX Business news just reported this... here are related news articles


    Trump: Fed should get US interest rate 'down to ZERO, or less'

    Sep 11, 2019

    " [WASHINGTON] - President Donald Trump wants US "interest rates down to ZERO, or less," he tweeted Wednesday amid widespread expectations that the Federal Reserve will cut rates later this month.

    "We should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term," he added.

    "It is only the naivete 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.'"

    more at link

    https://www.businesstimes.com.sg/gov...o-zero-or-less


    Trump urges zero or negative interest rates to tackle US debt - Reuters

    " Trump, in a pair of Twitter posts, said negative rates would save the government money on its debt. He did not address the risks or financial market tensions that central banks in Europe and Japan have confronted as a result of their negative rate policy, or the larger issue that negative rates have not done much to boost growth or raise inflation as intended.

    "The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term," Trump tweeted. "We have the great currency, power, and balance sheet... The USA should always be paying the ... lowest rate. No Inflation!"

    "It is only the naïveté of (Fed Chairman) Jay Powell and the Federal Reserve that doesn't allow us to do what other countries are already doing," added Trump, who has repeatedly noted that rates are negative in Germany, Europe's trading powerhouse. "

    more at links

    https://www.reuters.com/trump-urges-...-idUSKCN1VW1CW

    http://ca.mobile.reuters.com/article.../idUSKCN1VW1CW



  5. #5
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    Quote Originally Posted by KingsX View Post



    First Trump's unscheduled trip to Walter Reed Hospital Saturday... now this unscheduled meeting with Fed Chairman today [Monday] ??


    Trump Says Discussed "Negative Rates"
    In Unscheduled Monday Meeting With Chair Powell






    What if Trump's unscheduled trip to the hospital and Trump's unscheduled meeting with the Fed discussing negative interest rates is symbolic of the economy sick and dying ?!



  6. #6
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    Why does Trump repeatedly advocate negative interest rates ?

    Maybe Trump wants to destroy the US economy ?!


    Remember Trump's "Rolling Stones" theme song:

    You can't always get what you want... you get what you need


    Reminds me of this Bible verse about the fall of Babylon:

    "Behold, I am against you, O destroying mountain,
    Who destroys all the earth," says the LORD.

    "I will stretch out My hand against you,
    Roll you down from the rocks
    And make you a burnt mountain."

    Jeremiah 51:25


  7. #7
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    Quote Originally Posted by KingsX View Post
    First Trump's unscheduled trip to Walter Reed Hospital Saturday... now this unscheduled meeting with Fed Chairman today [Monday] ?
    May be just the start of a busy week planned to keep him away from the TeeVee:

    White House plans counterprogramming to distract from impeachment hearings

    President Trump's public schedule next week is designed to keep him distracted from the televised hearings — and to counterprogram Week 2 of those hearings.

    More @ https://www.axios.com/trump-public-s...d86a3566f.html

  8. #8
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    Quote Originally Posted by LittleFish View Post
    May be just the start of a busy week planned to keep him away from the TeeVee:

    White House plans counterprogramming to distract from impeachment hearings

    President Trump's public schedule next week is designed to keep him distracted from the televised hearings — and to counterprogram Week 2 of those hearings.

    More @ https://www.axios.com/trump-public-s...d86a3566f.html

    With the crap the Dems have pulled I can only vote for Trumps second term..But he should let the fed do its job and stay out of it..
    I don't like the feds control of our money but if the economy is as robust as they say..Lets leave rates alone and see where it goes..

  9. #9
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    Negative interest rates would be stimulative; they'd surely keep the bull market rolling, at least through the elections. With negative interest rates people hunting gains or income would have no choice but the stock market or real goods like land or PMs.

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