https://schiffgold.com/peters-podcast/peter-schiff-by-his-own-definition-trump-is-the-bonehead/

by SchiffGold

Donald Trump has been badgering Federal Reserve Chairman Jerome Powell for months, begging for lower interest rates. Yesterday, he took things to another level, saying that the “boneheads” at the Fed need to push rates into negative territory.

In his podcast, Peter Schiff said negative interest rates are boneheaded.

Trump used a pair of tweets to push for negative interest rates…

Trump is basically saying negative rates would allow the federal government to refinance its debt. It could roll over short-term debt into longer termed bonds and lock up the low rates. But as Peter pointed out, interest rates are already near historic lows…

The bottom line is that Trump could do what he says he wants to do right now. The “boneheads” at the Fed aren’t stopping him…

Peter said Trump is a complete hypocrite trying to pretend it’s the boneheads at the Fed.

He’s kind of like rehearsing now for the election because he wants to blame everything that has gone wrong on the Federal Reserve rather than accepting responsibility himself.”…

Be seeing you