Trump doubles down on Fed attacks, saying it's 'going loco'

[Yo_Mama_Been_Loggin]

U.S. President Donald Trump continued his tirade against the Federal Reserve in a late Wednesday television appearance, laying into the central bank’s policy decisions and suggesting it is to blame for Wednesday’s sharp market decline.

Saying he’s “not happy” with the Fed, Trump told Fox News he could’t understand why it was continuing to tighten U.S. monetary policy. The president has previously expressed displeasure with the central bank, and that’s led some to fear the institution’s independence is at risk.

“The problem I have is with the Fed. The Fed is going wild. I mean, I don’t know what their problem is that they are raising interest rates and it’s ridiculous,” Trump said during a telephone interview with Fox host Shannon Bream. “The problem [causing the market drop] in my opinion is Treasury and the Fed. The Fed is going loco and there’s no reason for them to do it. I’m not happy about it.”

In recent months, U.S. officials have sought to emphasize that Trump would honor the Fed’s historic ability to make decisions independent of political interference. “We as an administration absolutely support the independence of the Fed,” Treasury Secretary Steven Mnuchin reportedly said in July.

https://www.msn.com/en-us/money/markets/trump-doubles-down-on-fed-attacks-saying-its-going-loco/ar-BBOdzsf?li=BBnb7Kz

Nixon tried to fuck with the Fed. The result was double digit inflation.

[DBoon]

1. hyperinflation is the result of dictators manipulating the economy

happens around the world and it is coming here soon

[Achilleaze]

2. Dow drops over 500 points, with stock market extending slide

freaking republicans are now weakening America's economy, as they have weakened our national security, and global influence. Sick. The republican Draft-Dodger-in-Chief needs to shut his fat, lying yap.


U.S. stocks plunged again on Thursday, a day after the market's biggest rout since February.

Investors remain jittery about a number of factors – from the recent jump in interest rates to the potential harm tariffs could cause tech companies.

The Dow Jones industrial dropped another 531 points, or a 2.07 percent, after losing more than 800 points Wednesday. That drop in U.S. stocks was followed by sizable losses in Asian and European markets overnight...

https://www.usatoday.com/story/money/2018/10/11/stock-market-drop-continues/1598789002/

[GusBob]

3. Curious: did the market uptick after these comments?

Does WS want DT to take over the Fed?

[MineralMan]

5. A little. It's only down 489 now, near the close

of the market. So, see, Trump has got this!

[flibbitygiblets]

4. Are they also "bad hombres"? Funny how nothing is Dump's fault, it's always someone else.

[njhoneybadger]

6. tRump is a an idiot version of Nixon

[mahatmakanejeeves]

7. Sue the NFL!

United States Football League

[Andy823]

8. The asshole and chief

Will not admit his damned trade war is a huge part of the problem. He does NOT belong in the WH. We have to get out and vote all of his "enablers" in congress out, and he is next!