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Trump blasts Fed & Jerome Powell, calls for lower interest rates

President Trump is blasting the Federal Reserve and Jerome Powell, calling them "boneheads" over interest rates. Earlier Thursday, Trump tweeted, "The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads.” Yahoo Finance senior columnist Rick Newman joins The First Trade to discuss.