Trump is absolutely completely ignorant & the last place he belongs is in Washington DC.
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The Fed is stuck. They can't pull the string and they can't push the string. Real interest rates are REALLY low and it seems like if Powell tries to raise them, markets will have a rather large non-bullish cow.
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As have many presidents before him
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Trump keeps bragging about jobs jobs jobs and how well the economy is doing The reason the interest rates were lowered for yrs was b/c of the recession. So Trump is attempting to harass and intimidate Jerome Powell into submission? Expect another hike in the interests rates.
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Good. GOOD. Someone look up the history of that organization, and tell me why we allow it to self manage with no oversight.
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