Trump says Fed 'blew it'

[Yo_Mama_Been_Loggin]

U.S. President Donald Trump again criticized the Federal Reserve on Monday for not cutting interest rates, keeping up his pressure on the central bank to change its policies.

"Despite a Federal Reserve that doesn’t know what it is doing - raised rates far to fast (very low inflation, other parts of world slowing, lowering & easing) & did large scale tightening, $50 Billion/month, we are on course to have one of the best Months of June in U.S. history," he wrote on Twitter.

"Think of what it could have been if the Fed had gotten it right. Thousands of points higher on the Dow, and GDP in the 4’s or even 5’s. Now they stick, like a stubborn child, when we need rates cuts, & easing, to make up for what other countries are doing against us. Blew it!"

The U.S. president has repeatedly accused the Federal Reserve led by Chairman Jerome Powell of undermining his administration’s efforts to boost economic growth and has repeatedly demanded that rates be cut.

https://www.msn.com/en-us/money/markets/trump-says-fed-blew-it/ar-AADlAZX

A guy with multiple bankruptcies has no credibility when it comes to monetary policy.

[TreasonousBastard]

1. Well, he can blow me. But, think how great we'd be doing...

if the electorate didn't blow it a few years ago.

[Initech]

2. We're flirting with concentration camps and starting a war with Iran...

And this is the battle he chooses to fight? God damn him!

[Nitram]

3. Dump's "understanding" of economics would fit on a matchbook cover.

Real estate speculators love low interest rates. That's all there is to it.

[John Fante]

4. From the man who thought launching a mortgage service

(in 2006) was a good idea. Thanks for the advice Gump, but no thanks.

[spanone]

5. HIS fed chairman that HE appointed?

[Renew Deal]

6. Powell should write back

You're welcome

[Doodley]

7. He knows there's bad news coming on the economy.

[Wellstone ruled]

8. Best guess is,

he is having issues with a couple of Banks holding his bad paper. And he may be only paying Interest on his Crappy Loans. Someone posted a Calculation as to how a few Basis Points increase hit Ponzi Don for millions.

Usually we say,House of Cards. In this case,House of Lard.

[struggle4progress]

9. No one knows what it's like to feel these feelings like I do. And I blame you.