US President Donald Trump in the last minutes argued that the Federal Reserve should get the policy rate down to zero or even lower and should then start to refinance the debt.
"Interest cost could be brought way down, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet," Trump tweeted out.
"The USA should always be paying the lowest rate. No Inflation! 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.”
The market ignored Trump's remarks and the US Dollar Index was last up 0.2% on the day at 98.52.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD drops back below 1.0550 as markets turn cautious
EUR/USD returns to the red below 1.0550 in the European session on Tuesday. The pair eases due to fading market's optimism over likely Chinese stimulus, allowing the US Dollar resume its upside. Increased dovish bets surrounding the ECB also add to the weight on the pair.
GBP/USD eases below 1.2750 amid renewed US Dollar buying
GBP/USD loses traction and falls below 1.2750 in European trading on Tuesday. The risk-sensitive pair bears the brunt of deteriorating risk sentiment, which helps the US Dollar find haven demand. Traders turn cautious heading toward Wednesday's US inflation test.
Gold price surrenders major part of intraday gains; downside seems limited
Gold price surrenders a major part of its intraday gains back closer to a two-week high touched the previous day and trades with a mild positive bias, just above the $2,660 level during the early European session on Tuesday.
Altcoins LTC, CRV and ONDO recover after retesting key support levels
Litecoin, Curve DAO and Ondo prices recover on Tuesday after retesting and bouncing off key support levels following Monday’s double-digit correction. The technical outlook suggests a further recovery ahead, with the Moving Average Convergence Divergence momentum indicator supporting the rebound.
How the US-China trade dispute is redefining global trade
Since Donald Trump took office in 2017, trade flows and market shares have changed substantially. We think that shift is set to continue under looming tariffs and a new protectionist environment.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.