Trump: We Would Like to See Interest Rate Cut, a Very Substantial One, and We Would Be a Rocket Ship

‘We’ve taken in tremendous amounts of money in the form of tariffs from China’

EXCERPT:

TRUMP: "And also, and very importantly, we’ve taken in tremendous amounts of money in the form of tariffs from China. China has eaten the cost of those tariffs because they have devalued their currency and they've also pumped a lot of money into their system. Deflation is — we have no inflation. If anything, it's going below the number, so therefore we’re entitled to an interest rate cut. I hope the Fed does that. Because we'd be like a rocket ship. And we’re already the strongest economy in the world and doing better than just about any economy in the world. And a lot of people are asking us the secret, but we would like to see an interest rate cut, a very substantial one, and whatever else they want to do. But we would be a rocket ship.”

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