In case you missed it, President Trump was tweeting about the policymakers over at the Federal Reserve early Wednesday.
Trump, in a tweet, called Federal Reserve members "boneheads."
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. We have the great currency, power, and balance sheet.....— Donald J. Trump (@realDonaldTrump) September 11, 2019
....The USA should always be paying the 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."— Donald J. Trump (@realDonaldTrump) September 11, 2019
Michael Kushma, CIO of Global Fixed Income at Morgan Stanley Investment Management, sat down with TheStreet to talk about why interest rates at zero are not "feasible" in the short-term.
Watch the full video above.
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