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President Trump on Monday tweeted that the Federal Reserve should cut interest rates by "at least 100 basis points, with perhaps some quantitative easing as well," in order to boost the U.S. and world economy.

"Our Economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed, but the Democrats are trying to 'will' the Economy to be bad for purposes of the 2020 Election. Very Selfish! Our dollar is so strong that it is sadly hurting other parts of the world. The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well. If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!"

Why it matters: Trump's attempted politicization of the Fed is not new, but he's never called for a rate cut as drastic and specific as this one. Major quantitative easing and a full percentage point cut in interest rates (from 2.25% to 1.25%) are tools that the Fed normally uses to stimulate the economy in a recession. The inversion of the yield curve, a warning sign that has preceded every recession for the past 70 years, caused a major sell-off in the stock market last week and has White House officials scrambling to do damage control.

Go deeper: Allies worry Trump is "running out of tools" to boost the economy

Go deeper

Mike Allen, author of AM
1 min ago - Politics & Policy

What to listen for in Biden's inaugural address

Vice President-elect Harris and her husband, Doug Emhoff, and President-elect Biden and Dr. Jill Biden arrive in Washington yesterday. Photo: Tom Brenner/Reuters

Reflecting both the man and the times, President Joseph Robinette Biden Jr.'s inaugural address needs as much reality as poetry.

What to watch ... The president-elect will do both, sources tell me: Biden’s biography equips him not just to deliver a great speech, but also to start putting the public sector back in good working order.

Biden to sign 15 executive actions on Day One

President-elect Joe Biden. Photo: SAUL LOEB/AFP via Getty Images

President-elect Joe Biden is expected to sign 15 executive actions upon taking office Wednesday, immediately reversing key Trump administration policies.

Why it matters: The 15 actions — aimed at issues like climate change and immigration — mark more drastic immediate steps compared with the two day-one actions from Biden's four predecessors combined, according to incoming White House press secretary Jen Psaki.

Off the Rails

Episode 7: Trump turns on Pence

Photo illustration: Eniola Odetunde/Axios. Photos: Elijah Nouvelage, Alex Wong/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 7: Trump turns on Pence. Trump believes the vice president can solve all his problems by simply refusing to certify the Electoral College results. It's a simple test of loyalty: Trump or the U.S. Constitution.

"The end is coming, Donald."

The male voice in the TV ad boomed through the White House residence during "Fox & Friends" commercial breaks. Over and over and over. "The end is coming, Donald. ... On Jan. 6, Mike Pence will put the nail in your political coffin."