Jerome Powell trying to destroy America 1 rate hike at a time!
FED always gets it wrong.
Haha yea. Their mandate is built around the stock market. This slide keep going then they will have to act. No hikes next year or December. Stamp it.
Trump will blame them. And Trumpians will follow.
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El-Erian: Fed chief Jerome Powell is trying to break the market's central bank 'co-dependence'Powell would likely say 'it's about time the markets stand on their own feet' in response to stocks sinking Wednesday following his press conference, economist Mohamed El-Erian says. elerianm His dual mandate is intrinsically linked with the overall health of US equity markets. elerianm The markets have been thriving on the sugar rush from the high levels of cheap liquidity. This is the crash from that rush. elerianm I wonder if it occurs to anyone both how futile and stupid that is. The Fed's mandate is to effect both inflation and unemployment which the market is very interested in and affected by.
Source: CNBC - 🏆 12. / 72 Read more »
Mohamed El-Erian: Fed chief Jerome Powell looks to break the market's central bank 'co-dependence'Jerome Powell would likely say 'it's about time the markets stand on their own feet' in response to stocks sinking Wednesday following his press conference, economist Mohamed El-Erian says. elerianm so 2008 was when America was great? Mission accomplished Mr. President. elerianm Mohd El Erian? Serves fake news media just right elerianm Yellen raised rates without this kind of disruption. Why isn't Powell following same communication strategy?
Source: CNBC - 🏆 12. / 72 Read more »
Mohamed El-Erian: Three reasons we should expect more market volatilityCNN News, delivered. Select from our newsletters below and enter your email to subscribe. thanks genius, that's what happens when a market is completely controlled by a central bank 🎥 - And we swear that we will never forget what your aircrafts did to our children and our families. You will pay the price with your blood. And what you saw earlier was nothing but equippeting for a major epics to come. Lamar Jackson Vikings ' Thanks hillary 👍
Source: CNN - 🏆 4. / 95 Read more »