Trump calls Fed ‘too cute’ in third straight day of criticism

Showing the economic acumen and belief in separation of powers of a cognitively addled dictator, Trump once again runs his mouth about the Fed.



On his state media, Fox and Friends, Trump, who clearly has zero understanding of the function of the Federal Reserve Bank, says the Fed is getting "too cute".

What does that mean? i think that is Trump/fool speak for "I don't understand how all of this works".


As the president does not seem to realize his words impact markets, and his attempt to interfere with economic policies takes away confidence in markets, I fully expect him to rage tweet about this for days to come.

https://www.marketwatch.com/story/t...in-third-straight-day-of-criticism-2018-10-11


President Donald Trump kept up his steady drumbeat of criticism over the Federal Reserve, pinning the steep stock-market sell-off on their interest-rate policy.

Asked about the stock market rout in an interview on “Fox and Friends” on Thursday morning, Trump replied: “The Fed is getting a little too cute. That’s all. It’s ridiculous what they’re doing.”

 

Trump is faking it as usual.

 

**** the federal reserve.

 

Really? I suppose you then have never taken out a mortgage? Owned stock? Used US currency? All things that the Fed influences?

 

What would one expect from an ORANGE IMBECILE (like Trump)?

That Pathetic PUNK got rich Dodging Taxes, Declaring Bankruptcy, not Paying His Bills, and having Daddy to Bail Him Out.

That PATHETIC LEECHING MORON has no idea how the Real Economy works.

Donald Trump?

 

With rising interest rates, maybe the common man who can't afford to gamble in the stock market, can make some interest on their savings account, like prudent people used to do.

 

So the President should never criticize the Fed because of the separation of powers? So tell us which branch of the government is the Fed? If you believe that separation of powers means one branch of gov should not criticize another does that mean that you believe a congressman should never criticize the prez?

 

The Federal Reserve is a private entity and can absolutely have an adverse effect on the economy. In essence, the Federal Reserve should not exist.

Raising interest rates monetizes the amount of $'s in the market which is a good thing, however, doing it consecutively can be disastrous.

 

Holy hell!!! We seem to agree on allot lately....

 

Holy shitty strawman batman!

 

The federal reserve is not a private entity. It occupies that middle ground between private and public.

 

I don't give a damn what the fed does. They are a corrupt, crooked institution run by thugs and banker crooks.

 

Don't make the stupid suggestion that our prez is somehow violating separation of powers by criticizing the Fed.

 

And Trump appointees.

Which makes it even more odd that Trump would criticize them.

 

He is again, the loudest blameless whining victim. It's his go to and, sadly, it seems to keep working.

 

Is this your post? Some vague command in defense of the idiocy of Trump?

 

I don't care who appointed them. The Federal Reserve is an extragovernmental agency and it is a FRAUD.

 

That is just rambling nonsense.

 

And bonds. Rising interest rates lure people to the relative safety of bonds and away from riskier stocks.

 

Much has been said about the Federal Reserve.

https://www.foreignaffairs.com/articles/united-states/2016-04-18/fed-and-great-recession

Excerpts

The Fed and the Great Recession

As the Fed bailed out the banks at risk from innumerable bad mortgages, it ignored the root cause of serious recessions: a fall in nominal GDP, or NGDP, which counts the total value of all goods and services produced in the United States, not adjusted for inflation. Such a fall began unimpeded in mid-2008, and once that happened, much of the damage had been done.

The Fed can control NGDP through its monetary policy, and as NGDP fell in 2008, the Fed should have lowered interest rates rapidly. If that proved insufficient, it should have increased the money supply through quantitative easing. Instead, the Fed, terrified of inflation, kept interest rates too high for too long—causing NGDP to fall even further.​

 

Cramer, yesterday, literally said much worse about the Feds, almost going back to his historically accurate rant in 2007 'they know nothing".. And in this case, I'd say he's right. From the technical perspective, their lockstep unison on higher interests rates seems more designed to choke off the economy than to enable it.

 

Cool irrelevant opinion piece bro.

 

The dude from Seinfeld?

 

I think that pretty much sums up your financial acumen.

 

Okay dude. Thanks for your random thoughts on nothing.