26 de febrero de 2020
ÚLTIMAS NOTICIAS:
Hispanic World

Trump rips Fed, urges rate cuts and zero interest rates

Washington, Sep 11 (efe-epa).- President Donald Trump renewed his attacks on Federal Reserve policy makers on Wednesday, calling them "Boneheads" and urging that they cut interest rates and even consider taking short-term rates to zero or negative.

 Federal Reserve chairman Jay Powell speaks during a Council on Foreign Relations event on June 25, 2019, in New York, New York. EPA-EFE FILE/Justin Lane

Federal Reserve chairman Jay Powell speaks during a Council on Foreign Relations event on June 25, 2019, in New York, New York. EPA-EFE FILE/Justin Lane

Washington, Sep 11 (efe-epa).- President Donald Trump renewed his attacks on Federal Reserve policy makers on Wednesday, calling them "Boneheads" and urging that they cut interest rates and even consider taking short-term rates to zero or negative.

"The Federal Reserve should get our interest rates down to ZERO, or less, 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," Trump said in a Twitter post.

The Federal Reserve's Federal Open Market Committee (FOMC), which sets the US central bank's interest rate policy, is scheduled to hold its next meeting Sept. 17-18.

"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,'" Trump tweeted.

The president has been attacking Powell, who he named to head the Federal Reserve, and monetary policy makers for months for not cutting interest rates to stimulate the economy, which is still growing and boasts a strong labor market.

"We have the great currency, power, and balance sheet ... The USA should always be paying the the lowest rate. No Inflation!" Trump tweeted.

On July 31, the FOMC cut the benchmark rate for the first time in 11 years, lowering it to a range of 2 percent to 2.25 percent.

The widely expected move marked the first reduction in the federal funds rate since the 2008 financial crisis.

The central bank said US economic activity has been rising at a moderate rate, job gains have been solid and the unemployment rate has remained low, but it justified the move by citing "muted inflation pressures" and "implications of global developments for the economic outlook."

"The outlook for the US economy remains favorable, and this action is designed to support that outlook," Powell said in a news conference after the monetary policy action.

The United States has the highest interest rates among the G7 countries. The European Central Bank (ECB) and the Bank of Japan (BOJ) have both set their benchmark rates below zero.

The US gross domestic product (GDP) grew at an annualized rate of 2 percent in the second quarter, down from the 3.1 percent growth registered in the first quarter.

Trump, who wants higher economic growth ahead of his re-election bid in 2020, has repeatedly pressed the Fed in recent months to lower interest rates and thus make it cheaper for businesses and consumers to borrow.

The president has also criticized the Fed for raising interest rates four times in 2018, while the central bank said it was returning its target federal funds rate to a historically normal level after holding it at near zero following the 2008-2009 global recession. EFE

Histórico de noticias
Bob Iger stepping down as Disney CEO

New York, Feb 25 (efe-epa).- Disney CEO Bob Iger, who has headed the firm for the past 15 years, is stepping down from the post, effective immediately, and...

Rio Sambodromo brings down curtain but Carnival still going strong in Brazi

Brasilia, Feb 25 (efe-epa).- Rio de Janeiro's Sambodromo arena on Tuesday morning brought down the curtain on this year's Carnival celebration, but Brazil's...

Ben Affleck takes advantage of his love for Spanish in "The Way Back"

By Alicia Civita

More than 20 Miami musicians organize 1st anti-communist concert in US

Miami, Feb 25 (efe-epa).- A group of Hispanic singers and musicians, most of them of Cuban origin and including Willy Chirino and Arturo Sandoval, on April...

Weinstein hospitalized for heart palpiations following conviction

By Carles Escola

Bloomberg sharpens attacks on Sanders after senator's Nevada caucus win

New York, Feb 24 (efe-epa).- The presidential campaign of former New York Mayor Michael Bloomberg on Monday sharpened its attacks on Bernie Sanders after...

Katherine Johnson, mathematician who took man to the Moon, dies

Washington, Feb 24 (efe-epa).- "If she says they're good, then I'm ready to go," said US astronaut John Glenn, the first man to orbit the Earth before his...

High tech firms establishing roots in Nevada's wild west

By Marc Arcas

Trump blasts South Korean film 'Parasite,' Brad Pitt at Colorado rally

Los Angeles, USA, Feb 20 (efe-epa).- The president of the United States took advantage of a campaign rally this Thursday in Colorado to criticize the Oscars...

Brazil's Carnival continues with marked feminist accent

Rio de Janeiro, Feb 16 (efe-epa).- Brazil's nationwide Carnival celebration continued on Sunday with a marked feminist accent emphasized by a band that drew...

Trump kicks off Daytona 500 in Florida, but rain delays the race

Miami, Feb 16 (efe-epa)- President Donald Trump kicked off the Daytona 500 under initially sunny skies at the Daytona International Speedway in Florida on...

Dominican municipal elections suspended due to technical problems

Santo Domingo, Feb 16 (EFE).- The Dominican Republic's Central Election Board (JCE) on Sunday suspended the nationwide municipal elections after multiple...

U2's Bono, UN denounce educational disadvantage for girls around world

United Nations, Feb 11 (efe-epa).- Singer Bono and the United Nations on Tuesday denounced the "dramatic disadvantage" in education being suffered by female...

Guaido beaten by mob upon landing in Caracas

Caracas, Feb 11 (efe-epa).- Opposition leader Juan Guaido, recognized as Venezuela's legitimate interim president by more than 50 nations, on Tuesday was...

Samsung presents Galaxy Z Flip, first foldable smartphone

San Francisco, Feb 11 (efe-epa).- South Korean multinational Samsung on Tuesday presented its new foldable smartphone, the Galaxy Z Flip, this model with a...

Fed's Powell warns of economic risks of coronavirus amid Trump's attacks

By Alfonso Fernandez

Final Iowa caucus recount gives Buttigieg delegate win

Washington, Feb 9 (efe-epa).- Almost a week after the Iowa caucuses, the Democratic Party announced Sunday that former South Bend, Indiana, Mayor Pete...

Hundreds of wizards-for-a-day celebrate "Harry Potter" saga in Argentina

Buenos Aires, Feb 6 (efe-epa).- Hundreds of fans left their "muggle" (non-magical) life to one side on Thursday to attend "Harry Potter Book Night" in...

Weinstein defense calls its first witnesses

New York, Feb 6 (efe-epa).- The defense team of former Hollywood producer Harvey Weinstein, who is on trial in New York for rape, on Thursday called its...

Trump holds White House celebration to revel in Senate acquittal

Washington, Feb 6 (efe-epa).- President Donald Trump on Thursday organized a "celebration" at the White House to hail his acquittal in his impeachment trial...

Zona MACO art fair starts in Mexico with new plan to hike attendance

By Ines Amarelo

Trump acquitted in near party line Senate vote on impeachment charges

Washington, Feb 5 (efe-epa).- President Donald Trump was acquitted on Wednesday in a vote by the Republican-controlled Senate on the two impeachment charges...

US threatens Reliance, Repsol, Chevron, Rosneft with sanctions over Venezuela

Washington, Feb 5 (efe-epa).- The United States on Wednesday threatened to impose sanctions on US petroleum firm Chevron, Spain's Repsol and India's...

US trade deficit declines for 1st time in 6 years amid trade tensions

By Alfonso Fernandez