Just Politics

[PegnVA]

Mr. Trump, escalating his previous critiques of the Fed, called on Friday for policymakers to return to a policy of so-called quantitative easing: buying assets like Treasury bonds and mortgage-backed securities as a way of pushing interest rates lower.

Lawrence Summers, a former Treasury secretary under President Bill Clinton and the chairman of the National Economic Council under President Barack Obama, said Mr. Trump’s comments suggested the president’s “raw, total confusion” on monetary policy.
“The president publicly debating the Fed undermines confidence in our currency and our country,” Mr. Summers said in an interview. “Easing is probably premature. And if we were going to ease, the right way would be rate cuts, not bond buying.”
-nytimes.com
https://www.nytimes.com/2019/04/05/business/economy/trump-fed-interest-rates.html?action=click&module=Top%20Stories&pgtype=Homepage