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© (c) Copyright Thomson Reuters 2018.Trump blasts Fed as 'only problem' in U.S. economy
By Jason Lange WASHINGTON©2024 GPlusMedia Inc.
25 Comments
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David Varnes
the biggest weakness and the biggest threat to the US and world economy is the coward who lives at 1600 Pennsylvania Avenue with his Twitter and his conspiracies and his paranoia.
minello7
More than likely the interest rate hikes are causing Trump Inc millions of extra dollars in interest payments on his bank loans. Another Trump bankruptcy looming ???
Blacklabel
Time to buy.
Blacklabel
It goes up, he has nothing to do with it. Goes down, all his fault. That’s the liberal narratives for everything.
Deadforgood
@blacklabel
That's just political bias. Republicans did it to Obama during his time as president as well. So was that just the republican narrative for everything as well? It goes up, he has everything to do with it. It goes down, its not his fault.
Considering he doesn't really know what he's doing, maybe we shouldn't blame him for anything. Hiring inexperienced personnel and so forth.
Deadforgood
@blacklabel
It goes up, he has everything to do with it. It goes down, its not his fault; that seems to be your narrative. Yet you seem to indicate who you would blame. Perhaps the entire GOP enabling him? You wanna blame the fed for this because Trump says so? The same guy who was wrong about an MSB ordered hit. The same guy who lied about multiple campaign money uses, his business practices, and his "pure" morals?
He's scrambling to blame someone for an enormous economic downfall where that was one of the only things that he had to say he improved. And he did, but some of his methods might have been only temporary instead of long term.
Laguna
This is just the Federal Funds Rate, more symbolic than real. What's real is the market price of bonds, and they went inverted six weeks ago - that is, long-term bonds, which are usually more expensive to price in risk, are now cheaper than short term bonds.
The market has spoken: it expects inflation to return. Trump dumping $1.8 trillion on the economy with his tax cuts is a main cause, not what the Fed does.
Viktor Cernatinskij
Way too many millions of morons in US elected a way too stupid moron president... Tell me who is your president and I will tell who you are.
Silvafan
Dump is winning too much! LOL!
lostrune2
Trump handpicked Powell
The buck stops where...........?
Blacklabel
All the rich people already sold long ago which caused the market to go down. Once they buy again it will go back up.
No one noticed the market went down at the same time the Dems won the House?
nishikat
Leadership has not changed hands yet. This is all on Trump and his friends. Trump is crashing the economy. Look kids! Chinese are no longer buying American soybeans and Trump is screwing over the American farmer. Nice trade war!
wtfjapan
No one noticed the market went down at the same time the Dems won the House?
no one noticed interest rates have been going up also and Trump tax cut money is almost spent.
maybe Trump can throw another $Trillion at the markets that America doesnt have, oh forgot can do that now without the Dems.
wtfjapan
Yes, he had experienced personnel.
at least he choose people and not convicted criminals.
Peter14
America will remain broken as long as Trump remains President.
Serrano
Can't Trump just go full Andrew Jackson?
"America will remain broken as long as Trump remains President."
It ain't broken. Check out the economic numbers, lol.
wtfjapan
It ain't broken. Check out the economic numbers, lol.
Dow down 9% since October. tax cut money almost up, predicted growth will drop in 2019, all on Trumps watch. lol
gelendestrasse
The market has been overvalued for some time but the observations that the political uncertainty of a trade war, failure in Syria and Afghanistan, and constant upheaval in DC with resignations and indictments is spot on and certainly not going to give investors confidence. In 2019 will the Dems create gridlock the way the Reps did with Obama? Given that the cast of characters hasn't changed that's what I'd bet on. So down the market goes.
Trump may be the ringleader but the US government is a circus worthy of a Looney Tunes production.
Serrano
"Dow down 9%"
And if it begins to rise again it will magically become the Obama economy, lol
http://archive.is/pJe2N
The value in the stock market has nothing to do with employment, productivity or real growth of wages and jobs in the future. Check out those numbers, wtf.
Pukey2
This man-child is going to wreck his country. Anyone who hates America will enjoy watching Trump remain president.
arrestpaul
Democrats rejoice because the Feds repeated interest rate increases have finally slowed U.S. financial growth. And Democrats, and Hillary worshippers, get to blame Trump for something (everything/anything) else. Democrats, and chatty foreigners, are going to continue their pledge to "resist" a healthy U.S. economy.
There is nothing wrong with the U.S. economy. Investors are taking profits from the markets. Sell high, buy low. The markets will go up again. Especially if the Fed stops repeatedly raising the interest rate making money more expensive to borrow.
1glenn
So many adjectives can be used to describe this man, and so few of them are complimentary.
arrestpaul
Haters gotta hate. That's what they do. With elected Democrats sworn to resist everything the Republicans, and Trump, attempt to do during Trump's Presidency, they must also be expected to include a lot of name-calling.
"Stocks fell again on Monday amid concern about slowing economic growth". What could cause slowing economic growth? Increasing the Feds interest rate usually slows economic growth. Repeatedly increasing the Feds interest rates several times over a short period of time is a sure-fire way of slowing economic growth. Democrats