Post by account_disabled on Mar 9, 2024 3:21:07 GMT -8
Occurred! Financial markets have been waiting nearly two years for Jerome Powell to finally respond to Donald Trump's criticism. The president has so little shame that he calls the Fed chairman "ignorant," saying he has a "small intestine" that has no idea what he is doing, a short-sighted specialist and a poor communicator. And here is the first answer: The head of the central bank recalled that the question of negative rates had already been discussed during the financial crisis, and if this story had been repeated now, he would have preferred to revive QE, than to have lowered the interest rate. federal funds to the red zone. Powell has long been guided by the principle "when you are hit in the face, do not rush to be offended, maybe you will remind someone," but iron patience has its limit. LiteFinance: Will Trump wake up the beast at the Fed? | Litefinance The most interesting thing is to see how the guilty look for the guilty. It is Donald Trump, with his tariffs, who is the main source of all the problems of the world economy, ready, according to the OECD forecast, to slow down to 2.9% this year. By the way, this is the worst dynamic since the crisis.
At the same time, without support from fiscal stimulus, US GDP returns from abnormally high (nearly 3%) to its normal growth rate. China is resisting and the president of the United States needs a scapegoat. Of course, he chose Paraguay Mobile Number List the Fed chairman. If, as the White House wishes, the Federal Reserve cut rates to zero and below, the economy could accelerate, and Trump would win the 2020 presidential election. Unfortunately, Jerome Powell pulls of the cat by the tail. «Everything will be fine, Donald. But not immediately. And not now. And not for you. I wouldn't be surprised if more than one Beijing is betting on the defeat of the current head of the White House next year... LiteFinance: Will Trump wake up the beast at the Fed? | Litefinance Interestingly, the idea of negative borrowing costs is not just the central bank's. Larry Kudlow, the president's economic adviser, noted that the euro zone has been following this path for a long time, but its chosen strategy is not working.
You can print money as much as you want, but this will not give any guarantee of accelerating inflation. Economists say one thing, Trump another... - Donald, are you completely crazy? - I'm exclusive! Today I am very smart and try to change the world, tomorrow I will be wise and try to change myself. It is unlikely that the owner of the White House will come to that. He is guided by the principles of "after me even if there is a flood" and “he who finds it difficult with me, do not torment himself! Get out of the way.” Under constant political pressure, Powell can only ignore the president's criticism and hide his thoughts: - How are you, Jerome? - Good - What are you doing? - I'm lying… However, like every normal person you have the opportunity to dream. I dream of the sea, the sun, the yacht and you, Donald, nearby. Drowning you. LiteFinance: Will Trump wake up the beast at the Fed? | Litefinance Meanwhile, the president is not calm. "I am very disappointed in the head of the Fed. I think he does not know how to play this game well.
At the same time, without support from fiscal stimulus, US GDP returns from abnormally high (nearly 3%) to its normal growth rate. China is resisting and the president of the United States needs a scapegoat. Of course, he chose Paraguay Mobile Number List the Fed chairman. If, as the White House wishes, the Federal Reserve cut rates to zero and below, the economy could accelerate, and Trump would win the 2020 presidential election. Unfortunately, Jerome Powell pulls of the cat by the tail. «Everything will be fine, Donald. But not immediately. And not now. And not for you. I wouldn't be surprised if more than one Beijing is betting on the defeat of the current head of the White House next year... LiteFinance: Will Trump wake up the beast at the Fed? | Litefinance Interestingly, the idea of negative borrowing costs is not just the central bank's. Larry Kudlow, the president's economic adviser, noted that the euro zone has been following this path for a long time, but its chosen strategy is not working.
You can print money as much as you want, but this will not give any guarantee of accelerating inflation. Economists say one thing, Trump another... - Donald, are you completely crazy? - I'm exclusive! Today I am very smart and try to change the world, tomorrow I will be wise and try to change myself. It is unlikely that the owner of the White House will come to that. He is guided by the principles of "after me even if there is a flood" and “he who finds it difficult with me, do not torment himself! Get out of the way.” Under constant political pressure, Powell can only ignore the president's criticism and hide his thoughts: - How are you, Jerome? - Good - What are you doing? - I'm lying… However, like every normal person you have the opportunity to dream. I dream of the sea, the sun, the yacht and you, Donald, nearby. Drowning you. LiteFinance: Will Trump wake up the beast at the Fed? | Litefinance Meanwhile, the president is not calm. "I am very disappointed in the head of the Fed. I think he does not know how to play this game well.