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President Trump urges absolutely no or unfavorable interest rates to deal with U.S. financial obligation – AOL

President Trump urges absolutely no or unfavorable interest rates to deal with U.S. financial obligation – AOL

WASHINGTON, Sept 11 (Reuters) – U.S. President Donald Trump on Wednesday stated the Federal Reserve ought to lower U.S. rates of interest to “zero or less” to assist “re-finance our debt” with lower interest expenses and a longer-term, and blamed the reserve bank’s chief for missing a “as soon as in a lifetime opportunity.”

” We have the fantastic currency, power, and balance sheet … The U.S.A. should constantly be paying the … lowest rate. No Inflation!” Trump composed in a set of early posts on Twitter.

The Republican president has actually repeatedly called for lower interest rates and blasted Powell and the Fed for not quickly and dramatically cutting them, which he sees as necessary to boost U.S. economic growth as he eyes reelection next year.

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13 US real estate markets that would be most impacted by increasing rates of interest

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13 Austin, Texas

Zillow House Value Index: $263,400

Monthly home loan payment at 4%: $ 1,006

Regular monthly home mortgage payment at 5%: $ 1,131

Difference in regular monthly home mortgage payment: $125

Source: Zillow

12 Riverside, California

Zillow Home Worth Index: $321,200

Monthly home loan payment at 4%: $ 1,227

Regular monthly mortgage payment at 5%: $ 1,380

Difference in regular monthly home loan payment: $153

Source: Zillow

( Davel5957 through Getty Images)

11 Sacramento, California

Zillow Home Worth Index: $355,000

Monthly home mortgage payment at 4%: $ 1,356

Month-to-month home loan payment at 5%: $ 1,525

Distinction in month-to-month mortgage payment: $169

Source: Zillow

10 Portland, Oregon

Zillow House Value Index: $357,000

Monthly home mortgage payment at 4%: $ 1,363

Month-to-month home loan payment at 5%: $ 1,533

Difference in regular monthly mortgage payment: $170

Source: Zillow

( AndreyGatash by means of Getty Images)

9. Denver

Zillow Home Value Index: $356,900

Regular monthly home mortgage payment at 4%: $ 1,363

Monthly home mortgage payment at 5%: $ 1,532

Difference in monthly home loan payment: $169

Source: Zillow

8. Washington, DC

Zillow House Worth Index: $380,900

Monthly home mortgage payment at 4%: $ 1,455

Month-to-month home mortgage payment at 5%: $ 1,636

Difference in monthly home mortgage payment: $181

Source: Zillow

( sborisov via Getty Images)

7. New York City City

Zillow Home Value Index: $404,800

Regular monthly mortgage payment at 4%: $ 1,546

Monthly mortgage payment at 5%: $ 1,738

Distinction in regular monthly home loan payment: $192

Source: Zillow

6. Seattle

Zillow House Value Index: $413,900

Month-to-month home mortgage payment at 4%: $ 1,581

Monthly mortgage payment at 5%: $ 1,778

Distinction in regular monthly mortgage payment: $197

Source: Zillow

( aiisha5 by means of Getty Images)


5. Boston

Zillow Home Worth Index: $413,900

Regular monthly mortgage payment at 4%: $ 1,581

Monthly mortgage payment at 5%: $ 1,778

Difference in monthly home loan payment: $197

Source: Zillow

( SeanPavonePhoto through Getty Images)

4. San Diego

Zillow House Worth Index: $530,900

Monthly mortgage payment at 4%: $ 2,028

Regular monthly home loan payment at 5%: $ 2,280

Distinction in monthly home mortgage payment: $252

Source: Zillow

( marlenka via Getty Images)

3. Los Angeles-Long Beach-Anaheim, California

Zillow Home Worth Index: $595,700

Monthly home loan payment at 4%: $ 2,275

Regular monthly home mortgage payment at 5%: $ 2,558

Distinction in regular monthly home loan payment: $283

Source: Zillow

( Picture by DeAgostini/Getty Images)

2. San Francisco

Zillow Home Value Index: $833,600

Monthly home mortgage payment at 4%: $ 3,184

Month-to-month mortgage payment at 5%: $ 3,580

Distinction in regular monthly home mortgage payment: $396

Source: Zillow

( Ershov_Maks by means of Getty Images)

1. San Jose, California

Zillow Home Value Index: $970,000

Monthly home loan payment at 4%: $3,705

Monthly home mortgage payment at 5%: $ 4,166

Distinction in regular monthly home loan payment: $461

Source: Zillow

( Nancy Nehring through Getty Images)

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” It is only the naïveté of (Fed Chairman) Jay Powell and the Federal Reserve that doesn’t allow us to do what other nations are already doing. A when in a lifetime opportunity that we are missing because of ‘Boneheads’,” Trump tweeted.

On Friday, Powell said the Fed would act appropriately to help maintain U.S. economic growth and that political elements played no role in the reserve bank’s decision making procedure. (Reporting by Susan Heavey; Modifying by Catherine Evans and Bernadette Baum)

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