Trump steps up pressure on Fed to cut rates, but economists say it's a bad idea
WASHINGTON - President Donald Trump is heaping nonstop pressure on the Federal Reserve to lower interest rates and provide further support to speed up growth, even though the economy is expanding at a healthy pace and economists widely agree that this is not the time to be taking such actions.
As Fed officials were huddled in their two-day meeting that began Tuesday, a mile away in the White House, Trump fired off his latest tweet criticizing the institution. The president said the Fed should cut interest rates by a full percentage point, double what he had previously wanted, and also called on the Fed to inject the kind of unconventional bond-buying stimulus that was used to fight the
