Because the guy has been totally straight on the issues, is a bastion for honesty and upholding his word, the standard for economic knowledge, and has the best poker face in the business..... but hey, if that's what you gotta tell yourself.... https://www.newyorker.com/news/news-desk/trump-and-the-truth-the-interest-rate-flip-flop
Please look at a bigger picture. Trump wants good to be manufactured in America again and export them. If you have a high currency rate people would not buy from you. By lowering the rates, 1. Would enable the companies to borrow more and run their business cheaply. More expansion, more manufacturing and so on. 2. Would incentivize the companies to produce more local goods rather than importing them. Ultimately reducing the deficits.
Yes, the guy that has all his chotskies made abroad wants manufacturing to be done domestically . Face it, the guy's a populist and borrowing money at 0% is popular.
True. But he initiated the ‘Greenspan Put’..the impetus for the Fed creating bubble after bubble and calamity after calamity directly related to shitty easy money policy. He started it all. Hence - Godfather.
Greenspan, Bernanke, and Yellen.... all to go down in history for the harm they've done.... as did John Law.