During today’s slide in the Nasdaq, presently down 100, Trump took the time from running the country to tweet this.
Jay Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!
— Donald J. Trump (@realDonaldTrump) September 18, 2019
More salt/shade on Powell.
Poor Powell, this man is being totally shit on continuously by Trump in a manner that is so persistent, one would believe Jerome fucked Melania.
This from the conference:
“If the economy does turn down, then a more extensive sequence of rate cuts will be appropriate,” he said during his post-meeting news conference. “We don’t see that. It’s not what we expect.”
“We made one decision today, and that decision was to lower the funds rate by a quarter percentage point. We believe that action is appropriate to promote our objectives,” he said. “We’re going to be highly data-dependent. I would also say as we often do that we’re not on a preset course.”
And this…
And there it is:
POWELL: MAY RESUME ORGANIC B/SHEET GROWTH EARLIER THAN THOUGHT— zerohedge (@zerohedge) September 18, 2019
MOAR QE IS COMING, for no reason whatsoever.
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