iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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TRUMP BOX WATCHES NASDAQ SLIDE — CHIMPS OUT ON FED’S POWELL

During today’s slide in the Nasdaq, presently down 100, Trump took the time from running the country to tweet this.

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…

MOAR QE IS COMING, for no reason whatsoever.

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