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Trump Urges Fed to Open Up Monetary Floodgates to Juice Economy

  • President maintains pressure on central bank monetary policy
  • Kudlow says Fed appointments aren’t intended to undermine bank
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President Donald Trump comments on Federal Reserve policy.
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President Donald Trump called on the Federal Reserve to open the monetary floodgates to turn the world’s largest economy into a “rocket ship.”

“I personally think the Fed should drop rates. I think they really slowed us down. There’s no inflation. I would say in terms of quantitative tightening, it should actually now be quantitative easing,” he told reporters as he departed the White House on Friday. “You would see a rocket ship. Despite that, we’re doing very well.”