Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
WASHINGTON, July 25 (Xinhua) — U.S. President Donald Trump visited the Federal Reserve's headquarters in Washington on Thursday and reiterated his call for lower interest rates.
“We have to lower interest rates,” Trump told reporters. “People can hardly buy a home because interest rates are too high,” he added.
“We have no inflation, we have a lot of money coming in… We should have the lowest interest rate of any country,” the president emphasized. “We can speak for everybody, frankly, we want interest rates to go down. Our country is growing rapidly, and the interest rate is the last little hurdle,” D. Trump said.
The White House chief said he had a “very productive conversation” with Fed Chairman Jerome Powell about rates. “He’ll be able to tell you about that at the next meeting, but I will say he did say that the country is doing very well,” he added. “I trust the chairman to do the right thing. I mean, it may be a little late, as they say, but I trust him to do the right thing,” the president said.
Local media see D. Trump's visit to the Fed as an attempt by the administration to increase pressure on J. Powell to lower interest rates. –0–
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