trump: Throughout his presidency, Donald Trump tried to pressure the Federal Reserve into cutting rates — a breach of protocol that threatened to undermine the independence of the central bank and its ability to keep jobs booming and inflation low. If reelected, Trump said Thursday he’d go further: He’d try to exert direct power over monetary policy.
“I feel the president should have at least a say in there. I feel that strongly,” Trump said toward the end of his press conference. “I made a lot of money. I was very successful. And I think I have a better instinct than, in many cases, people that would be on the Federal Reserve — or the chairman.”
The former president said that Fed Chair Jerome Powell, whom Trump appointed to the position in 2017, has got the timing of rate moves wrong throughout his tenure.
“He’s tending to be a little bit late on things. He gets a little bit too early and a little bit too late,” Trump said. “I believe it’s really a gut feeling.”
Trump appeared to be joining a growing chorus, including economists and market participants, who believe Powell and the Fed blew it last week when it opted not to cut rates from a 23-year high at the conclusion of its policy meeting on July 31.
also trump: "Trump told the publication that cutting interest rates before the November election would boost the economy and President Joe Biden’s odds of victory. “It’s something that they know they shouldn’t be doing,” Trump said of the Fed."
trump thinks the fed is too late cutting rates but doesn't want rates cut to help his political future. lol.
illustrates trump perfectly, "trump before country". Also bragging about his "instincts" on money, the guy who bankrupted casinos? lol
“I feel the president should have at least a say in there. I feel that strongly,” Trump said toward the end of his press conference. “I made a lot of money. I was very successful. And I think I have a better instinct than, in many cases, people that would be on the Federal Reserve — or the chairman.”
The former president said that Fed Chair Jerome Powell, whom Trump appointed to the position in 2017, has got the timing of rate moves wrong throughout his tenure.
“He’s tending to be a little bit late on things. He gets a little bit too early and a little bit too late,” Trump said. “I believe it’s really a gut feeling.”
Trump appeared to be joining a growing chorus, including economists and market participants, who believe Powell and the Fed blew it last week when it opted not to cut rates from a 23-year high at the conclusion of its policy meeting on July 31.
also trump: "Trump told the publication that cutting interest rates before the November election would boost the economy and President Joe Biden’s odds of victory. “It’s something that they know they shouldn’t be doing,” Trump said of the Fed."
trump thinks the fed is too late cutting rates but doesn't want rates cut to help his political future. lol.
illustrates trump perfectly, "trump before country". Also bragging about his "instincts" on money, the guy who bankrupted casinos? lol
