When Obama was president, man-baby Trump complained that the economy was being propped up by the Fed not raising interest rates. Now that they are under Powell, it seems Trump wants to fire him because he appears to be blaming the Fed for the stock market woes. Perhaps he should be reminded of all the things he has done to screw with the market, such as his tweets about specific countries, or talk of tariffs, or actually implementing tariffs?
Trump Discusses Firing Fed's Powell After Latest Rate Hike, Sources Say
(Of course the usuals will cry "sources say" and "fake news" but that is expected)
Advisers who are close to Trump don't believe he will do it, and hopefully his anger will go away over the holidays. I can't see his anger lessening as he is being blasted on multiple fronts on matters of his own making, but I don't believe he will fire Powell either. I'm not even sure if he legally can.
Thoughts?
Fed rates drive or cool the market. If you don't get that, you haven't been paying attention.
Did I say that in the OP?
No.
Let me be more succinct, almost nothing Trump does or can do will have the impact of Fed rates on the market.
When we slip into a recession, and we will. Actually we're overdue for 1 now, but anyway when we do 1 of the things the government does is to drop interest rates to boost the economy.
So raising them now while the economy is going strong is actually a smart move to give the Fed some wiggle room for when the economy slows and needs a push.
i agree. that's another reason why a massive tax cut while the economy was doing great wasn't the best plan. now we don't have that tool, and if we have another crash, we won't have enough revenue for a stimulus. i'm beginning to think that one should have to pass a comprehensive exam on history, mathematics, social studies, science, and economics before he or she can even run in a presidential primary. we've tried it the other way, and it has resulted in dangerously unqualified candidates multiple times.
Let me be more succinct, almost nothing Trump does or can do will have the impact of Fed rates on the market.
You alluded to that in the OP...
When Obama was president, man-baby Trump complained that the economy was being propped up by the Fed not raising interest rates. Now that they are under Powell, it seems Trump wants to fire him because he appears to be blaming the Fed for the stock market woes. Perhaps he should be reminded of all the things he has done to screw with the market, such as his tweets about specific countries, or talk of tariffs, or actually implementing tariffs?
Trump Discusses Firing Fed's Powell After Latest Rate Hike, Sources Say
(Of course the usuals will cry "sources say" and "fake news" but that is expected)
Advisers who are close to Trump don't believe he will do it, and hopefully his anger will go away over the holidays. I can't see his anger lessening as he is being blasted on multiple fronts on matters of his own making, but I don't believe he will fire Powell either. I'm not even sure if he legally can.
Thoughts?
Oh really? Suppose he tacks on another 50 basis points next period. BTW, they use the term "basis points" because it's confusing and they don't want you to know what they are doing. (A basis point is .01%. One hundred basis points is 1%) Powell raised interest rates two tenths of one percent. In the lending and finance economy, that is a lot. The one before this slowed the economy too fast, and this one has really stung industries who expected easy money for investment in plant and equipment. Powell's tea leaves are being read as more hikes are on the way next year.
So you on the left should be thrilled that you may have another issue to run on against Trump.
You guys should be cheering.
No I did not. Please point out what I said that led you to this erroneous conclusion.
Perhaps he should be reminded of all the things he has done to screw with the market, such as his tweets about specific countries, or talk of tariffs, or actually implementing tariffs?
Quick, orange man bad!
Who is "you guys"?
When Obama was president, man-baby Trump complained that the economy was being propped up by the Fed not raising interest rates. Now that they are under Powell, it seems Trump wants to fire him because he appears to be blaming the Fed for the stock market woes. Perhaps he should be reminded of all the things he has done to screw with the market, such as his tweets about specific countries, or talk of tariffs, or actually implementing tariffs?
When we slip into a recession, and we will. Actually we're overdue for 1 now, but anyway when we do 1 of the things the government does is to drop interest rates to boost the economy.
So raising them now while the economy is going strong is actually a smart move to give the Fed some wiggle room for when the economy slows and needs a push.
People who say thing like this:
There is no room left for discussion.
When Obama was president, man-baby Trump complained that the economy was being propped up by the Fed not raising interest rates. Now that they are under Powell, it seems Trump wants to fire him because he appears to be blaming the Fed for the stock market woes. Perhaps he should be reminded of all the things he has done to screw with the market, such as his tweets about specific countries, or talk of tariffs, or actually implementing tariffs?
Trump Discusses Firing Fed's Powell After Latest Rate Hike, Sources Say
(Of course the usuals will cry "sources say" and "fake news" but that is expected)
Advisers who are close to Trump don't believe he will do it, and hopefully his anger will go away over the holidays. I can't see his anger lessening as he is being blasted on multiple fronts on matters of his own making, but I don't believe he will fire Powell either. I'm not even sure if he legally can.
Thoughts?
Trump doesn’t wait for anything
When Obama was president, man-baby Trump complained that the economy was being propped up by the Fed not raising interest rates. Now that they are under Powell, it seems Trump wants to fire him because he appears to be blaming the Fed for the stock market woes. Perhaps he should be reminded of all the things he has done to screw with the market, such as his tweets about specific countries, or talk of tariffs, or actually implementing tariffs?
Trump Discusses Firing Fed's Powell After Latest Rate Hike, Sources Say
(Of course the usuals will cry "sources say" and "fake news" but that is expected)
Advisers who are close to Trump don't believe he will do it, and hopefully his anger will go away over the holidays. I can't see his anger lessening as he is being blasted on multiple fronts on matters of his own making, but I don't believe he will fire Powell either. I'm not even sure if he legally can.
Thoughts?
I'm sure this response makes sense to you. Me? Not at all.
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