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> “Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t putt, has no touch. Big U.S. g
by deepsquirrelnet 4y ago
> “Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t putt, has no touch. Big U.S. growth if he does the right thing, BIG CUT - but don’t count on him!” Trump wrote on Twitter.
That would not really have been viable, considering the political climate. The previous administration was busy pumping steroids into the economy. Picture inflating a balloon. Rates were at 1.75 and pressure was to cut them to 1.5%. Different times…
[1]https://www.reuters.com/article/us-usa-fed-trump/trump-heaps-pressure-on-fed-and-its-chairman-powell-to-cut-rates-idUSKCN1VB1I2 https://www.reuters.com/article/us-usa-fed-trump/trump-heaps...
[2] https://brrr.money/ https://brrr.money/