By Robert Schroeder, MarketWatch
President Donald Trump expressed support for negative interest rates on Wednesday, and moved to crack down on vaping as he called it a danger to children.
NEGATIVE RATES AND ‘BONEHEADS’ AT FED
Trump’s latest round of Federal Reserve bashing came with a twist: he became the first U.S. president to say he’d want interest rates below zero, as MarketWatch reports.
The president’s tweets — in which he called Fed officials “Boneheads” — came as the central bank is readying for its Sept. 17-18 policy meeting. He said the Fed should bring rates “down to ZERO, or less.” Wall Street, meanwhile, is expecting the Federal Open Market Committee to trim its benchmark interest rate by a quarter-percentage point to a range of 1.75%-2%.
In a meeting in the Oval Office that didn’t appear on the White House schedule, Trump said his administration planned to ban the sale of all non-tobacco-flavored vaping products.
“We can’t allow people to get sick,” the president said. “People are dying.” Shares of tobacco giant Altria /zigman2/quotes/208895754/composite MO -0.19% , which owns 35% of vaping company Juul, lost ground after the announcement.
TERRORIST WARNING ON 9/11
Speaking at the Pentagon after observing a moment of silence on the South Lawn of the White House, Trump also issued a warning to terrorists who would attack the U.S. again.
On the anniversary of the Sept. 11, 2001 attacks, Trump said: “if for any reason they come back to our country, we will go wherever they are, and use power, the likes of which the United States has never used before.”
Shortly before marking the moment of silence, Trump tweeted three times criticizing a Washington Post-ABC News poll that showed him trailing five Democratic presidential contenders . He said it was done by “one of the worst pollsters of them all.”