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© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Trump can rail against Fed chairman Powell, but he can't fire him
By MARTIN CRUTSINGER WASHINGTON©2024 GPlusMedia Inc.
26 Comments
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UlsterBoy
I'd love to know if Trump plays "Chess", or any other Strategy board game (or even Multi player games).
UlsterBoy
The FED chairman, actually hinted that they may not rise rates so fast due to the current situation. This would appear to be a reactionary approach that lags a bit from what the Political approach is pushing. The FED therefore is responding as expected.
SuperLib
Trump just needs someone to blame when the market falls. When it goes up they say it's because of his great policies. Now when it goes down they can blame the Fed (or whoever else is around that moment.)
Strangerland
Like they halcyon days of early 2008!
98% of economists are predicting a major American economic collapse in the near future. People right now are running short risky bids - it's a good time to make money. Until suddenly a LOT of people lose money. And it's coming. Trump has put too many bad moves into action, and the house of cards is starting to collapse.
Laguna
Trump's just blowing hot air. He might think he can influence the Fed as he's delusional, but such protestations usually backfire as the agency acts in the opposite to demonstrate independence.
Trump is an idiot.
Ah_so
Why didn't you do some research and find out?
Because the market responded well to what Powell said, not what the orange idiot said.
mukashiyokatta
Trump does not follow laws or rules. Nor does Ivanka!
bass4funk
Rhetorical question?
No, just the liberals need to take their fingers out of their ears from time to time.
SuperLib
Did you just attribute Trump's deficit to some fuzzy "cleaning up after Obama" scenario?
You've been making a lot of claims recently that are obviously made-up on the spot, or just flat out wrong.
wtfjapan
But overall investments are up generally speaking, love this President.
so is the US$ its great makes those Japanese goods that little bit cheaper
bass4funk
Cleaning up after Obama, paying back the loans of the trillions we borrowed, to fix our crumbling infrastructure, reopening factories, training people, building new homes, people relocating, building new homes especially away from the madness of the giant cities, probably you’re right.
wtfjapan
then why the need for Trump to complain about raising interest rate!?
SuperLib
Trump and the GOP will have a trillion dollar deficit soon, much higher than it was when Obama left office.
bass4funk
Hot economy? Lukewarm at best. Deficit?? Rich coming from a previous President that made printing money and borrowing from? China his hallmark theme song.
SuperLib
This stock market correction sucks. It came right before we did the capture for my company's stock options so a lot of the gains over the last 6 months were reversed.
Trump is probably the only guy who could inherit a hot economy and explode the deficit while flattening out the stock market.
bass4funk
The last President supported higher taxes and limited growth in the private sector.
But overall investments are up generally speaking, love this President.
René Pihlak
Trump is manifesting the Dunning–Kruger effect...
bass4funk
Didn’t the last President bail out GM?
Could be and who would know better? The liberals.
CrazyJoe
Manipulating the stock market, bailing out the soybean farmers, choosing winners and losers. Its what the free market party does best!
Donnie Dimwit applies verbal pressure: people who want to keep their seats of power respond. This is leadership through intimidation, the only kind of leadership that President Dimwit knows how to exert.
plasticmonkey
Because the stock market serves at the pleasure of the president.
theFu
Most of the indexes were up between 1.8% and 2.9% for the day. A nice ride.
Is the "correction" over? I can't say, there are more elections happening next week in the USA - runoffs.
But 1 day doesn't mean anything, just like 1 hot day in winter doesn't prove pr disprove climate change. We need a few weeks of data to say what really happened today.
bass4funk
Bingo!
Silvafan
:) I support this post!
Blacklabel
So why did the market just go up 600 points?
Ah_so
One day Trump is telling leading scientists that they are wrong and the next day he is telling leading economists that they don't know what they are doing either.
But the one who really doesn't know anything is Trump. He is not a scientist and not an economist - just a highly leveraged speculator who is unaware of his own, massive limitations.
Wha ta disgrace.