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Trump blaming FED for economic slowdown is disingenuous
Posted on 10/24/18 at 11:24 am
Posted on 10/24/18 at 11:24 am
The stock market has had a bad October and even though a few companies have reported good earnings this week many have not. Many have mentioned international softness in their business and have warned on future earnings because of tariff impacts.
Very few have have mentioned interest increases as a coming problem.
The facts are that interest rates have been artificially low for 8 years and are still lower than normal. While Powell has raised rates it not something that really surprised people.
It is disingenuous IMHO for Trump to criticize Powell over the economy when he has put the bigger damper of future earnings with his enormous proposed tariffs. He did fire Yellen and he did hire Powell.
I think Americans would appreciate a more honest expression of the facts. Whats wrong with Trump saying "Yeah I know earnings are coming down but we have to have this trade war for (insert whatever reason)" instead of simply pounding on his choice to run the FED who is doing almost exactly what every one expected the FED to do this year and next?
I guess he has enough supporters who believe the tariffs are a small issue and believe whatever he says that he sees no reason to be more truthful when he comments.
Very few have have mentioned interest increases as a coming problem.
The facts are that interest rates have been artificially low for 8 years and are still lower than normal. While Powell has raised rates it not something that really surprised people.
It is disingenuous IMHO for Trump to criticize Powell over the economy when he has put the bigger damper of future earnings with his enormous proposed tariffs. He did fire Yellen and he did hire Powell.
I think Americans would appreciate a more honest expression of the facts. Whats wrong with Trump saying "Yeah I know earnings are coming down but we have to have this trade war for (insert whatever reason)" instead of simply pounding on his choice to run the FED who is doing almost exactly what every one expected the FED to do this year and next?
I guess he has enough supporters who believe the tariffs are a small issue and believe whatever he says that he sees no reason to be more truthful when he comments.
This post was edited on 10/24/18 at 12:25 pm
Posted on 10/24/18 at 11:25 am to I B Freeman
Didn’t read. Auto downvote.
Posted on 10/24/18 at 11:25 am to I B Freeman
IB Freeman, you're an idiot. Trump didn't blame the Fed for anything. He merely gave his OPINION that raising the rates now would slow the economy down.
Posted on 10/24/18 at 11:26 am to I B Freeman
Can I just say... LMAO!!!
You will live sir. AMERICA FIRST.
You will live sir. AMERICA FIRST.
Posted on 10/24/18 at 11:27 am to I B Freeman
quote:
I think Americans would appreciate a more honest expression of the facts.
I disagree. Americans don't want honesty unless it fits their narrative.
Posted on 10/24/18 at 11:27 am to HeyHeyHogsAllTheWay
quote:
President Donald Trump directly accused Federal Reserve Chairman Jerome Powell of endangering the U.S. economy by raising interest rates, according to The Wall Street Journal.
"I'm just saying this: I'm very unhappy with the Fed because Obama had zero interest rates," Trump told the Journal on Tuesday. "Every time we do something great, he raises the interest rates."
The president said Powell "almost looks like he's happy raising interest rates," but declined to elaborate, according to the Journal.
Looks to me like he thinks the FED is picking on him.
Posted on 10/24/18 at 11:27 am to I B Freeman
For once I agree with you. Trump is positioning himself to blame the Fed for anything bad that happens in the economy so he can shirk responsibility.
It’s even worse when you consider he hired Powell. Why does Trump continue to make bad hire after bad hire?
It’s even worse when you consider he hired Powell. Why does Trump continue to make bad hire after bad hire?
Posted on 10/24/18 at 11:28 am to Brosef Stalin
That is probably true based on the posters here.
Posted on 10/24/18 at 11:28 am to I B Freeman
Why were interest rates artificially low the past 8 years? To prop up obamas enconomy? So now that Trump has unleashed the economic power of America it's the (((Feds))) job to increase the rates again? Any reasoning behind why the fed seems to be politicized?
Posted on 10/24/18 at 11:29 am to DallasTiger11
quote:
For once I agree with you. Trump is positioning himself to blame the Fed for anything bad that happens in the economy so he can shirk responsibility.
Did the FED keep interest rates low under Obama and raise them under Trump? True or false?
Posted on 10/24/18 at 11:29 am to I B Freeman
The trade war is not to blame for the October decline
Tariffs have been baked in since February.
Why would tariffs JUST NOW influence the stock market? That violates efficient market hypothesis
Tariffs have been baked in since February.
Why would tariffs JUST NOW influence the stock market? That violates efficient market hypothesis
Posted on 10/24/18 at 11:29 am to I B Freeman
quote:
I B Freeman
This guy has autism or Aspergers right?
This post was edited on 10/24/18 at 11:30 am
Posted on 10/24/18 at 11:30 am to I B Freeman
You moved on from Tarrifs or is this in addition to?
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