In his address to the panel at the WEF, Trump stated:
With oil prices going down, I’ll demand that interest rates drop immediately. And, likewise, they should be dropping all over the world. Interest rates should follow us.
It is not immediately clear how the Federal Reserve will act this year, especially considering how vague and simply disingenuous the Fed has been these last few years especially. However, the Federal Reserve appears ready to stand firm in what they think should be done.
It is widely believed at the moment that the Fed will not cut interest rates later this week during their Federal Open Market Committee’s (FOMC) meeting, which would clash with Trump’s wishes to lower rates soon, the Associated Press noted.
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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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