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Trump can rail against Fed chairman Powell, but he can't fire him

26 Comments
By MARTIN CRUTSINGER

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26 Comments
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I'd love to know if Trump plays "Chess", or any other Strategy board game (or even Multi player games).

0 ( +0 / -0 )

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.

0 ( +0 / -0 )

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.)

1 ( +1 / -0 )

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.

2 ( +2 / -0 )

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.

2 ( +2 / -0 )

So why did the market just go up 600 points?

Why didn't you do some research and find out?

Federal Reserve chief Jerome Powell’s remarks Wednesday that interest rates are “just below” the range of a neutral policy struck a dovish tone with equity investors and fueled speculation that the central bank is closer than thought to pausing on U.S. hikes.

Because the market responded well to what Powell said, not what the orange idiot said.

3 ( +3 / -0 )

Trump does not follow laws or rules. Nor does Ivanka!

2 ( +2 / -0 )

Did you just attribute Trump's deficit to some fuzzy "cleaning up after Obama" scenario?

Rhetorical question?

You've been making a lot of claims recently that are obviously made-up on the spot, or just flat out wrong.

No, just the liberals need to take their fingers out of their ears from time to time.

-5 ( +0 / -5 )

Bass: Cleaning up after Obama

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.

6 ( +6 / -0 )

But overall investments are up generally speaking, love this President.

so is the US$ its great makes those Japanese goods that little bit cheaper

1 ( +1 / -0 )

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.

-4 ( +0 / -4 )

*So why did the market just go up 600 points? ***Bingo!**

then why the need for Trump to complain about raising interest rate!?

3 ( +3 / -0 )

Trump and the GOP will have a trillion dollar deficit soon, much higher than it was when Obama left office.

2 ( +2 / -0 )

Trump is probably the only guy who could inherit a hot economy and explode the deficit while flattening out the stock market.

Hot economy? Lukewarm at best. Deficit?? Rich coming from a previous President that made printing money and borrowing from? China his hallmark theme song.

-6 ( +0 / -6 )

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.

6 ( +6 / -0 )

Did the last President raise tariffs on materials they need to build cars

The last President supported higher taxes and limited growth in the private sector.

Still down for the year...math ha never been a strong point for Trumplets

But overall investments are up generally speaking, love this President.

-7 ( +0 / -7 )

Didn’t the last President bail out GM?

Did the last President raise tariffs on materials they need to build cars.

So why did the market just go up 600 points?

Still down for the year...math ha never been a strong point for Trumplets

5 ( +5 / -0 )

Trump is manifesting the Dunning–Kruger effect...

1 ( +1 / -0 )

Manipulating the stock market, bailing out the soybean farmers, choosing winners and losers. Its what the free market party does best!

Didn’t the last President bail out GM?

the only kind of leadership that President Dimwit knows how to exert.

Could be and who would know better? The liberals.

-6 ( +0 / -6 )

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.

2 ( +2 / -0 )

So why did the market just go up 600 points?

Because the stock market serves at the pleasure of the president.

2 ( +2 / -0 )

So why did the market just go up 600 points?

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.

3 ( +3 / -0 )

So why did the market just go up 600 points?

Bingo!

-8 ( +0 / -8 )

Sorry, was there supposed to be some logic behind that statement?

then why didn’t it make sense?

:) I support this post!

1 ( +1 / -0 )

So why did the market just go up 600 points?

-11 ( +0 / -11 )

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.

8 ( +8 / -0 )

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