Trump slams Federal Reserve as the 'most difficult problem' facing US

[DonViejo]

Source: The Hill

BY JESSICA CAMPISI - 07/06/19 07:05 AM EDT

President Trump took aim at the Federal Reserve on Saturday, labeling it the “most difficult problem” the U.S. faces and again criticizing the independent central bank for raising interest rates.

“Strong jobs report, low inflation, and other countries around the world doing anything possible to take advantage of the United States, knowing that our Federal Reserve doesn’t have a clue!” Trump tweeted late Friday night. “They raised rates too soon, too often, & tightened, while others did just the opposite.

“As well as we are doing from the day after the great Election, when the Market shot right up, it could have been even better - massive additional wealth would have been created, & used very well,” he continued. “Our most difficult problem is not our competitors, it is the Federal Reserve!”

Link to tweet

Trump’s comments come a day after an “unexpectedly good” June jobs report, which said the economy added a roughly 224,000 jobs for the month.

Read more: https://thehill.com/homenews/administration/451810-trump-calls-federal-reserve-the-most-difficult-problem-for-us

[bluevoter4life]

2. But but but

Mexicans. NEED MOAR WALL.

[Fiendish Thingy]

3. He's scared because with rising rates, the cost of servicing his enormous debt goes up nt

[SharonAnn]

15. Exactly. He wants to pay no interest on all the $$$$ he's borrowed.

[IronLionZion]

4. He knows his economy isn't strong enough to survive without fed stimulus

he needs low rates to prop things up. If the economy is so strong and we have so many jobs and low unemployment, then why not raise rates to help the very conservative investors depending on interest income in their retirement? When the next recession hits, the Fed will have less power to help.

[beachbum bob]

5. I kinda believe having a russian puppet sitting in the Whitehouse is our greatest and most

difficult problem

[Wuddles440]

6. No...

the people that that "don't have a clue" and "our most difficult problem" is King CONald and his merry band of hacks. During his campaign, isn't this the same guy that was complaining that interest rates were too low and hurting savers. Now it's all about manipulating the markets and ignoring actual economic conditions. Tax cuts and reductions in interest rates are stimulus measures for a struggling economy, not the strong one that he inherited from Obama. Watch out folks because he's setting us up for a major economic catastrophe (of course, he'll blame it on the Dems, Obama, and maybe even Hillary).

[LastLiberal in PalmSprings]

7. The 'most difficult problem' facing US is staring back at you in the mirror, a-hole.

[KY_EnviroGuy]

8. Healthcare (mental & physical) is likely our most serious problem, idiot.

But he doesn't have a solution, so he hides from it behind immigration, threatening war and throwing an ego-driven celebration on the 4th.

Everything for tRump is all about immediate gratification wins for him and that's well documented. Calling for an interest rate drop is short-sighted and will only do long-term harm.

Big business and the GOP have remodeled our financial system so that corporations essentially get free money and the everyday worker cannot save and make a little on interest.

KY.......

[dalton99a]

9. "Donald Trump was the dumbest goddamn student I ever had."

- Prof. William T. Kelley, University of Pennsylvania

[William Seger]

11. He thinks the stock market creates wealth

That's pretty dumb.

[jmowreader]

10. Let me guess...

Trump is planning to build another ill-advised project while he’s still in the White House, and he wants to zero out the prime rate so the money he needs will be cheaper.

Problem is, no one offering to loan money at prime plus 30 basis points is going to lend any money to Donald “I think I’ve paid enough, get out of my office” Trump.

[SWBTATTReg]

12. So, someone who has declared bankrupcy multiple times has something intelligent to say about...

the Feds and how they doing economy-wise? Yeah, right.

Like I'm going to pay one iota or the least bit of attention to this gutter mouth.

The/his interest that he's paying on his massive debt on a personal basis is overriding his putting his personal interests aside and thinking of American interests first, and must be starting to impact him negatively. As it should. Again, this is where the emoluments clause should nail this idiot to the wall, where his private interests are overriding the interest of the American taxpayer.

[BootinUp]

13. He really wants to break the bank. Nt

[Initech]

14. Oh fuck off Trump, *YOU* are the most difficult problem facing the US!

And your shit heap excuse for a party, your asshole supporters, your 24/7 propaganda channel, and your billionaire buddies.

[LastLiberal in PalmSprings]

16. I thought the press was the biggest problem. No, wait, the invading caravans

from the south were the biggest problem. No, Crooked Hillary, Muller and his Band of Angry Democrats, were the biggest problem.

Want to know America's real biggest problem, Fat Donnie? Look in the mirror.

[DallasNE]

17. Another Trump Appointee

Gets blasted by Trump. Obviously Trump doesn't understand the charter of the Federal Reserve. Plus, the data doesn't support the Trump claim. This past week Trump was touting the fact that all 3 stock indexes set another record high so the markets are happy with the Federal Reserve. Trump has one core principle - me - and he is currently not getting enough gratification as his military parade fizzled.

[Yavin4]

18. The Fed has done way more to pump money into this economy than what was previously imaginable.

Couple the Fed moves with both the Bush and Trump tax cuts, and you reach the limits of supply side economics which is nothing more than funneling more and more money to the already super wealthy.