Powell To Trump: I’m Not Going Anywhere
Reporters only cared about one thing Thursday while questioning Jerome Powell: Donald Trump. The Fed
Reporters only cared about one thing Thursday while questioning Jerome Powell: Donald Trump. The Fed
The Fed cut rates by a quarter-point on Thursday, as expected. I don’t think there
“I haven’t made any decisions on that”.
“You don’t wanna go? I’ll turn around.”
“He believes the United States will go on to exceed even its remarkable achievements of the past”.
Sealing the deal with Xi may require giving up on rate cuts in an election year.
“I mean, he’s got a job”.
“No ‘guts’, no sense, no vision!”
Steel yourselves. The main event cometh.
“They are trying, and succeeding, in depreciating the Euro”.
“The USA should always be paying the the lowest rate”.
Don’t “misjudge the situation”.
“My only question is, who is our bigger enemy, Jay Powell or Chairman Xi”?
And meanwhile, China plans for a “no deal” scenario.
On Wednesday, the president called Maria Bartiromo. It was quite something.Â
“I didn’t ever threaten to demote him”.
If the Fed doesn’t cut rates in July, Powell is out as chair.
“Further reaffirmation”.
“It would destroy the independence of the Fed”.
“So if there will be a recession he’ll say ‘I told you so’ and if not he’s stay quiet.”
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