Trump again claims stock market would be 10,000 points higher if Fed didn't raise interest rates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Trump claims stock market would be 10,000 points higher if Fed didn't raise interest rates

The central bank held rates steady at its March meeting and minutes released last week showed it does not expect any hikes "for some time."That marks the Dow's fifth consecutive weekly decline, its longest streak since 2011.

President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC.President Donald Trump criticized the Federal Reserve for raising interest rates, claiming that economic growth in the U.S. would have been higher than 3% and the stock market would be 7,000 to 10,000 points higher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trump’s massive stimulus package raising our debt to one trillion is providing a stagnant market. Spending money like a crackhead with huge welfare giveaways for the wealthiest farmers who never set foot on their land

Hah ha ha ha ha! Another red day for the orange clown

Trump's forever blowing bubbles

Everyone knows that realDonaldTrump uses hyperbole to drive home a point. If he had said “the market would go to the moon”, would the MSM also take that literally? Probably.

What a loser. A sore one at that.

I can say this for certain ... it was definitely 1000 pts higher before realDonaldTrump decided to start a trade war with China 🇨🇳

CHINA

To be fair stock market would be 10,000 points lower if fed had not paused rate hikes and company’s didn’t have record stock buy backs in 2019.

Why are you reporting anything he says? Oh yeah, you make money from it. The last two years have shown any thinking person he has nothing significant to say. Just because he holds the office doesn’t mean his words are worth reporting. Report what his administration does.

Coward talk cock 😂 I🤣🤣😂

Trump does not understand international economics. If the speed climbs 10,000 points, then when you fall, the situation will be out of control. What should I do?

I hope Powell has more sense than to listen to trump, he just worrying about his sponsors, if you have the the so could greatest economy ever, his words ! We should be raising rates not cutting. Pure greed and ego DOW should be at 18000 fair value

Díganle a ese hombre que día es hoy 😂😂

It was “5000 points higher” the last time Chump spoke

Stupidest remark of his 2 year Presidency. Saying quite a bit because every statement he tweets or says is stupider then his previous ones.

Why do we read every tweet the village idiot DJT 🤥💩 posts⁉️We should only being paying attention to the impeachment hearings that should have started long ago‼️

Actually if DJT🤥💩 hadn’t F upped trade negotiations trying to prove he actually knows the art of the deal when he only is good at the FART of the deal the market would be higher‼️

Which one dumbass? The Dow only has roughly 30 companies on its exchange, so not the best indicator of the economy.

Lol

And he’s probably right. The feds never once raised the interest rates while Obama was in office and actually, they sat at the lowest level in recent history for his entire 8 years. And now O wants credit for the economy he said would take a magic wand to bring back.

why this genius keeps repeating exact same words? he wanna algos to pump the mkt?!

Really? SMH

It’s probable that it would be higher but, 10,000 points ? Might be a real stretch!!

Trump talks out of his butt idiot

Only because it would be...

I get to work faster if these were no speeding laws

Lol! Why not a bagillion points here?

Are we really going to take economic advice from a man who went bankrupt multiple times and defaulted on multiple loans

Hey, Trump.....maybe the market would be 10,000points higher if you didn’t’ start a trade war with China!!

The point is the last interest raise was a mistake

Trump has no idea how anything works. IdiotInChief

Trump claims many things; most part of the Showman's Con Combined with Narcissist's Megalomaniacal Delusion!

Gonna be under 20,000 soon

Does he realize the manufacturing workers that lost their jobs and voted for him have very little if anything in the stock market? Why does he keep focusing on corporations and the rich when he ran for the forgotten?

Either this guy is a complete moron which he is or he is being coached by wall st what to say.

Still Delusional

If he’s not the president, the Dow would have been 1 million points higher.

Why don’t we ask these groups of people how much that matters- fired Carrier employees. Fired Ford employees. The 7000 soon to be fired GM employees. Farmers. The 1100 federal forest service employees employees that just got laid off. Pfizer. AT&T. His claim is also false.

He also claims his bankruptcies were someone else’s fault, Mexico would pay for the wall, and he has the greatest healthcare plan just waiting to be revealed.

verniman Well, market can pierce even sky,,,, just keep fueling it with f(-ake)/(-ree)/(-iat) money

The Dow be would 10000 if there was trade war.

Does anyone know if he was talking about Dow or S&P?

Or if we didn’t a lunatic placing tariffs on all the parts we need to make our economy great...

No ! He said in the beginning It be a lot of ships coming In . The things we trade with other country, their is nothing there, no money coming in, only going out $

MAGA2020 realDonaldTrump MariaBartiromo marklevinshow cvpayne Varneyco LouDobbs

Trump took credit for the bubble economy. It’s going to be funny to see him freak out when it blows up on his watch.

Was that before or after he lost a billion dollars of investment capital? Guy has no clue what makes a great economy!

WTF does he knows?

Every time they raise interest rates they make the Chinese Yuan stronger cuz they just print more. Cut the rate that the economy expand let the tax cuts kick in the dollar moves higher we win. They cut the rate the bank start lending to Middle America we grow by 15%

I would have loved for that to happen, believe it or not. That’s a freeroll for Trump.

Next it will be pelosi’ fault the markets won’t hold up during a trade war

Give over permabulls

Maybe if we didn’t have a trade war too.

Screw trump !

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines