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Trump Calls The Fed ‘Incompetent’, Demands ‘Bigger, Faster’ Rate Cuts ‘NOW’
"Three more Central Banks cut rates", Donald Trump sighed, in a Wednesday morning tweet.
He included the quotation marks, which means the US president was likely scanning the morning headlines. We don't take him for an RBNZ/RBI/BoT watcher.
The trio of surprise rate cuts out of Asia overnight are the talk of the proverbial town on Wednesday, and the implication for the burgeoning global currency war is pretty clear: Nobody wants to start from behind.
Read more: Race To The Bottom Intensifies
With Trump assailing the independence of the Fed, Navarro calling the shots on trade policy, Bolton and Pompeo in charge of national security, and Miller pushing his white supremacy agenda, what’s there to worry about? LOL.
Will we see Larry Kudlow today?
Oh gosh, I hope so! lol
Thanks Mr. H, another great article.
Also PROPS for predicting Trump going full Erdogan with regard to the Fed as early as last year – that was a terrifyingly correct.
By now, Erdogans attacks on “his” central bank seem almost feeble in comparison.
P.S.: Kudlow will rock it
I wonder how long it will take our ‘stable genius’ to clue in that he’s the problem not the Fed. Speaking of incompetence…
He’ll ‘love’ the negative interest rates PIMCO says are coming!
that will never happen, I’m afraid
sorry, last comment was meant as a reply to Mt Math