steveliesman Powell used too many words with too little substance.
steveliesman It's a 1/4 pt for godssake, and they're flexible for '19. Please move on and stop stampeding investors into thinking this is some big drama. Important question now is if Trump/Navarro stupid enough to expand tariffs.
steveliesman That's the problem with hiring a baker to cook the perfect pan seared steak, it's always over cooked! Hello!
steveliesman Why the market expected something more is beyond me. He’s been very clear about the Fed’s direction.
steveliesman If they hadn’t hiked - and what is the real impact of 25bp? a) the market might have taken it as a negative signal and reacted even more b) Powell can’t be seen to roll over for the (disgusting) bully Trump. Plenty of time to send more dovish signals down the line
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Treasury Secretary Steve Mnuchin says market plunge on Fed rate hike 'is completely overblown'It's becoming increasingly clear that not a single person in the Trump administration has any idea of what they're talking about. Complete incompetence and denial. This guy has a very small economic vocabulary, probably to match his treasury policy knowledge. He made some money in business. Little comfort or guidance in running the Treasury of the USA. he is a blind politician or pretending, hihi
Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »