But Trump was right about the rate increases. CEO's and now other FED presidents are agreeing; more rate hikes are killing the economy which shows no sign of inflation. Getting to 'neutral' is a big mistake by Powell. Can't use the past as a proxy for today.
The Fed should not care what Trump says as criticism, but the Fed MUST factor in what Trump is doing to harm economy i.e. Trade War, Shutdown, traders are in wait-and-see mode, this could harm an otherwise strong economy, 🙉🙈🙊
I'm old enough to remember GWB and Bernanke standing shoulder to shoulder at NYSE premarket twice in 2007 to enact 'emergency monetary policy' with DOW futs down 1000...oh and then the fake ~ 13000 DOW points printed by BHO for $6TT in ZIRP, QE, POMO, etc
Economist Intelligence Unit? Run by Bernanke?
And we don’t care what she thinks
Waiting too long to unwind that you have to raise rates 4 times in a year is unacceptable. Pres. Trump is right to call them out.
1913 was a bad year for USA.
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Source: CNBC - 🏆 12. / 72 Read more »