General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPresident Trump just had a White House meeting with the Fed Chair. Fed statement afterward...
Fed statement afterward emphasizes monetary policy set "solely on careful, objective and non-political analysis."
Link to tweet
What is Trump up to now?
Turbineguy
(37,370 posts)before making a run for it.
MFGsunny
(2,356 posts)Since he gives ZERO "fox" about the effect of it all on any of us,
his abject corruption is STILL all (and only) about HIS venal interests.
Wellstone ruled
(34,661 posts)looking like a "Captain Obvious" moment once again. All those 3 year and 5 year Balloon Deals are about to bust.
mucifer
(23,569 posts)Srkdqltr
(6,323 posts)Mike 03
(16,616 posts)I hope he's not trying to pressure Powell to make more rate cuts than economic circumstances justify.
gratuitous
(82,849 posts)What kind of cockamamie scheme is that?! Don't they know that the Fed should set policy to Trump's personal whim and satisfaction, subject to change at a tweet's notice? Crank up the outrage, Fox. Trump is counting on you!
demmiblue
(36,893 posts)Link to tweet
global1
(25,270 posts)crow about for his campaign. He needs the economy to hang in there until Nov 2020. I'm thinking he will do anything to keep the pressure up on the Fed to prevent the economy from tanking before the election.
RichardRay
(2,611 posts)I think monetary policy is covered in most Intro to Macroeconomics courses.
malaise
(269,182 posts)Fed Chair.
Love how quickly they put out their release.
NightWatcher
(39,343 posts)He's trying to make it look like he has a strong economy by changing rates based solely on his political desires instead of reflecting the status of the economy.
Just more manipulating and conning.
avlbeerfan
(52 posts)Ever since Sept. the Fed has been printing money again hand over fist.
Word in the financials world is a Too big to fail bank has blown up it`s balance sheet again just like 2008.
All this does is cause inflation in consumer prices like food thats not counted in the price index.
As sitting president he has to be informed.
Turbineguy
(37,370 posts)treasuries. $60 Billion per month.
Trump's comment:
"Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc."
So you're likely right. There's trouble on the horizon.
jcgoldie
(11,647 posts)Now if he does cut rates there's no way it doesn't look political.