As 9/11 dawns, Trump blasts Fed members as ‘boneheads’

WASHINGTON (AP) — President Donald Trump says the U.S. is missing out economically because “Boneheads” at the Federal Reserve won’t lower interest rates at his insistence.

The Fed is meeting next week and is expected to trim its benchmark rate by another quarter point after cutting the rate for the first time in a decade in July. Trump has been pressuring Fed chairman Jerome Powell to drop rates to zero. The rate currently is in a range of 2% to 2.25%.

As the sun rose on Wednesday’s anniversary of the 9/11 terrorist attacks, Trump tweeted, “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.”

Associated Press

Associated Press

More News

WVVA WEATHER AUTHORITY
Bland
63°
Hinton
70°
Wytheville
66°
Lewisburg
70°
Welch
71°
Grundy
66°
Fayetteville
72°
Union
75°
Marlinton
63°
Connect with WVVA
Top Stories
Scroll to top
Skip to content