I’d love nothing more than to attack Fed’s Powell, since I hate his guts. We haven’t had a man at the Fed since Dr. Bernanke. But this attack on Powell and their INSANE policy on rates is misguided.
Let’s be clear. The fucking Fed, under the direction of Grandma Yellen, start their ‘dot plot’ lunacy back in 2014. Look, I still have their insane chart, one that has, pretty much, come to fruition.
Chairman Powell is a lawyer and literally knows nothing about economics. He’s a technocrat who is at the Fed to take orders, not to give them. The Grande Recursive Order of the Knights of the Lambda Calculus prefer to have idiots at the Fed who can be told what to do. Alas, we haven’t had a man at the Fed since Bernanke, who bravely seized power during the financial crisis and saved the world.
Here’s Trump in a WSJ interview not knowing what’s he’s talking about — making a generally fool out of himself.
“I’m just saying this: I’m very unhappy with the Fed because Obama had zero interest rates,” Trump told the Journal on Tuesday. “Every time we do something great, he raises the interest rates.”
The president said Powell “almost looks like he’s happy raising interest rates,” but declined to elaborate, according to the Journal.
WTF?
And there’s more.
If you enjoy the content at iBankCoin, please follow us on TwitterAsked if he regrets nominating Powell to his Fed chairmanship, Trump told the Journal: “Too early to tell, but maybe.”
“The Grande Recursive Order of the Knights of the Lambda Calculus prefer to have idiots at the Fed who can be told what to do.”
That’s why Paul Volcker remains the most beloved Fed Chair among the economists. He told Reagan to go fuck himself (without actually saying it out loud) upon receiving his order.
Trump is the sun king Rah reincarnated as the Orange king from Florida
Regards
Chuck Bennett
But in reality he’s either an overstuffed, fish-mouthed, off-color, mangle-headed, tiny-handed, toadstool-dicked, syphilitic, leaky, jumbo-size colostomy douchesack or the son of an orangutan (or both), from Queens.
Lyndon ,
Learn to control your TDS when out in public.
When you act out like this, it makes the joke less funny.
Regards
Chuck Bennett
Bernanke was an academic who never had any experience in any aspect of real economics.
He was all theory and 2008-09 can be blamed in part on him.
He’s going to look right when it’s all said an done. The Fed is balls out hawkish head on into a global econ slowdown. Trump will lament this fact 2yrs from and point at the Fed as the reason for the downturn. In a sense Trump is hedged by criticizing the Fed.