You might hate the Fed, but imagine if the President was fucking with the Fed policy of lowering rates during the financial crisis, making things worse. Trump isn’t an economist and politicians are degenerate dirt bags. Now the Fed have also proven themselves to be worthless hacks — but I’m not sure how I feel about this sort of public denigration of Powell — a man who is charged with making sure the American banking system is running smoothly.
….countries that know how to play the game against the U.S. That’s actually why the E.U. was formed….and for China, until now, the U.S. has been “easy pickens.” The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!
— Donald J. Trump (@realDonaldTrump) July 29, 2019
As usual, these comments have zero effect on markets. In fact, we’ve seen a slight bump.
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da Trump family is all about real estate and while they are playing politics, lower rates help keep the family business in the black
Scapegoating for some ticking time bomb that nobody outside of the DC inner circle has any idea about. Only time will tell.