Trump Demands Fed Easing to Finance Even Larger Deficits

While it’s correct to criticize the Federal Reserve for inevitably bungling monetary policy, the Trump administration is wrong to criticize Jerome Powell and the FOMC for failing to cut rates. Printing money, contrary to President Trumps belief, is never the answer.

The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.

The Federal Reserve’s Federal Open Market Committee (FOMC) meets this week and is expected to keep its target policy interest rate (the federal funds rate) unchanged at 4.5 percent.