Pres. Trump: Fed should get smart and lower the rate to make US rates competitive

  
  Analysis
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The FOMC decision is set for tomorrow at 2 PM ET

As the FOMC today meeting gets underway today, with the decision due at 2 PM ET/1900 GMT tomorrow, Pres. Trump is adding his two cents into the discussion.

He says:
  • The Fed should get smart and lower the rate to make our interest competitive with other countries
  • If Fed lowers interest rates, we would then focus on paying off and refinancing the US debt
Of course the Fed only controls the shorter-term interest rates. Longer term interest rates have the shorter-term interest rates as a function, but it is not the end all be all for the shape of the yield curve. In fact, rates could increase further out the curve and increase treasury borrowing obligations.
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