for what he sees as its hesitation to lower interest rates and blamed the central bank for capping gains in the U.S. economy and stock market.
Speaking from the Economic Club of New York, Trump said that since his election the S&P 500 is up over 45%, the Dow Jones Industrial Average is up over 50% and the Nasdaq is up 60%. But those numbers could be way higher, Trump claimed, if it weren't for the reluctance of the Fed. "And if we had a Federal Reserve that worked with us, you could have added another 25% to each of those numbers, I guarantee you that," Trump said.
"But we all make mistakes, don't we?" the president added. "Not too often. We do make them on occasion."Jerome PowellThe U.S. stock market has soared since Trump's victory over Hilliary Clinton in 2016, with the S&P 500 up more than 40%. the broad market index touched a new all-time high on Tuesday as investor concern over the U.S.-China trade war eased.
Though investors aren't certain whether the two nations are closet to a permanent deal, stocks have rallied to records in recent weeks in expectation of a sort-of trade truce.
Shut up trump, seriously, you have the same iq economically as an amoeba. Lowering rates and more QE will only set the stage for bubbles to form which will wreak havoc. TLDR: look, but don’t touch
Who appointed Powell? 😂😂😂
Here’s a question for a Congressman to ask the Fed Chair in his testimony this week that would deride the President’s Fed criticism: Please explain why the Fed and the vast majority of economists would consider it irresponsible to make big rate cuts in this economy.
It's about time we have a President that realizes that China was Screwing us into the ground. Wall Street should take that to the Bank! It's about Damn time.
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Quit the central banks
Quit the fed
bombshellmovie Stock DIV: {-$48,032.57}
Do you think he'll mention the staggering debt he has acrued. Largest debt ever, horribly high budget deficit. Most likely NOT.
This is the guy who declared bankruptcy on 3 casinos, dumps on the FED and can't find an Econmicpolicy that makes any sense. Why would anyone listen to this GARBAGEECONOMICS ?
When in the speech does Fat Donnie mention the record deficits he's running up to pay for all his greatness. He's leaving the tab for the next administration to clean up. Usual GOP move.
True