Citation :
President Donald Trump’s persistent calls for the Federal Reserve to lower interest rates are an effort to juice the economy and stock market ahead of the 2020 U.S. presidential elections, according to at least one strategist.
“I think in the President’s ideal world, he gets rates pushed down even lower, gets some good economic news towards the end of summer, because he really wants a strong economy and strong stock market – not necessarily now, he needs it in September, October as people are going to the polls,” Peter Tchir, head of macro strategy at Academy Securities, told Yahoo Finance during The Ticker Thursday.
|