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Trump snarls that ‘boneheads’ at Federal Reserve are killing economy and should drop interest rates to ‘zero or less’

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President Donald Trump lashed out again at his Federal Reserve chairman over interest rates — which he wants to be turned upside down.

The president has been publicly demanding lower interest rates to stave off a recession, and he has suggested Fed chairman Jerome Powell was a “bigger enemy” to the U.S. than Chinese President Xi Jinping because he won’t give in to those demands — and Trump unleashed another round off attacks

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“The Federal Reserve should get our interest rates down to ZERO, or less,” Trump tweeted, “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.”

“We have the great currency, power, and balance sheet,” he added. “The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté 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.'”


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Largest bank in the US holds back $10 billion anticipating Americans won’t be able to pay their mortgage

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Last week it was revealed that nearly one-third of Americans couldn't pay their mortgages or their rent. It's the third month in a row with over 30 percent of American renters and homeowners showing that they're in trouble, despite the stimulus check from Washington.

Tuesday, the Wall Street Journal wrote that the largest bank in the United States, JP Morgan Chase, put aside $10 billion, anticipating that the numbers of home loan defaults are going to get far worse.

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2020 Election

Trump wallowing in self-pity as COVID-19 pandemic derails his re-election plans: report

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According to a report from Bloomberg, a "struggling" Donald Trump is not making any effort to disguise his disappointment that his plans to serve a second term as president have fallen to pieces due to both coronavirus pandemic and the collapse of the economy -- including massive job losses -- that ensued after the country shut down.

With presumptive Democratic presidential nominee Joe Biden taking leads both nationally and in previously reliable Republican states like Florida, Texas and North Carolina, the Bloomberg report notes that the embattled president can't help but indulge in self-pity in front of the press and public.

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Woman who became infamous for racist rants and alleged attacks gets hit by a fire truck

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A woman who's made a name for herself by being caught on video spewing racism has been hit by a fire truck and critically injured, according to a report from the Citizen Times.

Rachel Dawn Ruit suffered life-threatening injuries after being struck by the fire truck on July 13 in Asheville, North Carolina. Earlier this month, Ruit made headlines after she allegedly attacked a 14-year-old girl and ripped off a woman's hijab during a Black Lives Matter protest.

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