Trump calls for the Fed to cut rates 'bigger and faster' and says China is not the problem [View all]

[Yo_Mama_Been_Loggin]

President Donald Trump pressed his demand Wednesday for the Federal Reserve to accelerate interest rate cuts, saying the U.S. central bank needs to keep pace with its global counterparts.

“They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW,” Trump said in a series of early morning tweets.

The call comes with U.S. government bond yields tumbling and the closely watched spread between the 3-month and 10-year notes at its biggest inversion since April 2007, just as the economy was heading into the financial crisis.

Trump has been a persistent Fed critic even though it approved a quarter-point rate cut at its meeting a week ago. Markets expect another cut at the September meeting, then one or even two more before the end of the year.

Waiting, though, isn’t an option, Trump said, as he called on the Fed to act now.

https://www.cnbc.com/2019/08/07/trump-calls-for-the-fed-to-cut-rates-bigger-and-faster-and-says-china-is-not-the-problem.html

Think Trumpy's a bit worried.