President Trump continues to blast the Fed and Chairman Powell for not moving fast enough to lower interest rates.
This comes as Fed officials get ready to gather at the annual Jackson Hole Economic Policy Symposium. Nellie Liang, senior fellow at the Brookings Institution, and Vincent Reinhart, chief economist at BNY Mellon, join "Squawk Box" to discuss.
Blah blah many people are saying babble babble biggest crowd ever blather blather jews love me blah blah
This is mostly right but I think it still overstates the potential benefit of a rate cut. Rates are not high enough to be slowing the economy and we already proved that ZIRP and QE don't matter. And Japan and Europe prove it every day.
If the economy is strong, why does it need support?
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