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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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(AFP / Nicholas Kamm)

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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2020 Election

Will pollsters let us down in 2020?

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If the polls are to be believed, Democratic nominee Joe Biden is the favorite to win the 2020 election against his Republican opponent, President Donald Trump. At the time of this writing, FiveThirtyEight.com, which aggregates and analyzes polls, gives him a 76 percent chance of winning; all eleven of the most recent polls listed at RealClearPolitics predict a Biden victory with an average spread of almost six points.This article first appeared in Salon.

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2020 Election

‘Lacks basic self-control’: Former GOP lawmakers lambaste Trump as they endorse Joe Biden

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Two former Republican lawmakers have joined the long list of Republicans planning to vote against President Donald Trump in the upcoming general election.

In an op-ed published for Roll Call, Reps. Charles Djou (R-Hawaii) and Mickey Edwards (R-Okla.) urged the American public to "choose unity over continued division" when casting their ballot for the November election.

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2020 Election

Colin Powell ally calls on House to begin ‘immediate’ impeachment hearings on Bill Barr

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Appearing on MSNBC on Saturday Morning with Ali Velshi, former Colin Powell chief of staff Lawrence Wilkerson said House Speaker Nancy Pelosi (D-CA) should immediately begin impeachment hearings against Attorney General Bill Barr.

After discussing Donald Trump's threat to not strep down peacefully should he lose in November, Wilkerson turned his ire on Barr who has been accused of acting like the president's personal attorney.

Addressing Trump's riling up his base with accusations of election theft, Wilkerson said, "This is a very, very dicey situation that he's creating, and I don't think he's smart enough to realize that he is creating it to the extent that he is."

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