business

Trump steps up his attacks on Federal Reserve's rate hikes

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By MARTIN CRUTSINGER

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...once again demonstrating that he is completely unhampered by knowledge of macroeconomics. I wonder who took his tests for him at Wharton.

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My favorite Trump quote of the day:

It's not necessary, in my opinion. And I think I know about it better than they do, believe me.

No. You know zero compared with Fed economists.

Anyway, this was predictable; it happened with Reagan and GWB: slashing taxes and increasing spending both supercharges the economy and creates a glut of bonds that someone has to buy. Trump created these conditions; now he has to live with them.

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