President Donald Trump renewed his criticism of Federal Reserve Chairman Jerome Powell in a recent interview with ABC News' George Stephanopoulos.
The president predicted that GDP would be 1.5 percentage points higher had Powell and his fellow central bankers not enacted rate increases and "quantitative tightening." In addition, he said the stock market would be 10,000 points higher, presumably a reference to the Dow Jones Industrial Average, which was at 26,106 heading into Friday trading.
"If he did nothing, or perhaps even loosened, we would be in my opinion, just an opinion, 10,000 points higher than already a very high number," Trump said. Trump has repeatedly criticized Powell, whom he named to the post in early 2018, and has said openly that he believes the Fed should be cutting interest rates. Previous presidents have taken on Fed chairs before, but rarely in such a public fashion.
"He's my pick and I disagree with him entirely," Trump said. "As you know, it's independent. ... But I'm not happy with what he's done."
America will deteriorate further if Trump successfully win his second term presidency. Vote wisely American folks.
Who thought the stock market would be 26,000 from 18,000 in just over 2 years ? That is 8000 points so yes easy 10k if feds reduce interest rates . Numbers don’t lie
Wasn't ME ! !
Either way, he would still go bankrupt.
We’ve entered the twilight zone
POTUS IS BLOWING HOT AIR
I agree
WELL IF HE SAID SO IT MUST BE TRUE
Trump plays the risky games and the Fed play safety games.
The market would be 10,000 pints higher if Trump resigns JohnMcCainDay realDonaldTrump TraitorTrump
I stopped watching CNBC as its fast becoming the fox news financial equivalent. More talking heads instead of clear and concise ones. There is no winning a financial war with China. Both sides lose and the average joe will have to pay for it. Get politics out!
We'll see a recession before we see that, possibly a 40 to 50 percent drop.
Sure Donald
Or 2,000 higher if the Tariff Man were not President.
Why bother tweeting this nonsense I thought CNBC was about technicality and great analysis by people with degrees in finance and “non-stable” geniuses.
He truly is dangerous to our very existence and our moral fabric is TEARING apart now
And how much if the tariffs scenario is removed from investors minds? Let me guess 20,000 points haha
Yes that is probably true but the stock market is overinflated
I wonder where our deficit and debt would be, if not for you?...Oh wait, they’re both about to burst and send this country spiraling out of control.
Print moar!!
the stable genius strikes again
Ye million points
Persian famine of 1917–1919 The .'Persian holocaust.' !
Riiiiight. But it’s been well established that he doesn’t know how anything works. JohnMcCainDay
Market and rates no🤡👹
Smart $ getting out today—Dumb money will get out next week?
This 🤡 is a very sick person
✂️
And all his economic advisors agree with this right?
my paycheck would be $10,000 higher if my company raised my salary...
mr_jettlife
'Stupid is as stupid does'...
Idiot!
Stock market would be 10k points higher if we didnt have an ignorant narcissist in office hellbent on destroying the global economy
Or Tariffs were not the economic solution to free market competition.
Trump is an ignoramus. Retail stores, including Walmart and Target, are warning they will have to raise prices on more goods if tariffs continue. Trump is biggest reason economy is struggling. Republican economic policies are a pathway to recession, possibly even a depression.
Listen to the interview it didn't say because of the FED he included the Fed and the Democrats the Democrats aren't working on anything regarding America's needs all they want to do is investigate bulshit get your story straight fake news CNN report the real deal not just a piece
TRUMP: My Casino would be richer if people would have gambled more My Steaks would have sold, if people ate more beef My Yacht would be paid for now if the water hadn't receded My Bank would still be around if people kept putting money in it
Hahahaha
Bloody hell - he is even MORE of a PERMABULL than you lot Constant Nasdaq Bullish Charlatans
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