Trump calls on the Fed to cut interest rates

As Federal Reserve leaders met to discuss plans on interest rates and other policies, President Trump tweeted that the economy was doing well but would “go up like a rocket” if the Fed would cut interest rates.

He said “some quantitative easing” would help, too, referring to the central bank’s efforts to boost the economy by purchasing bonds. Trump has said the Fed’s four interest rate hikes last year hindered growth, citing China as a country that has given its economy “great stimulus.”

Trump has considered putting allies on the Fed board to bring it in line.

One, former presidential candidate Herman Cain, has withdrawn from consideration.

The other, conservative commentator Stephen Moore, has come under pressure for past comments about women.

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