briefly dipped into negative territory mid-morning as a drop in Boeing shares pressured the index.
Bond yields held mostly steady throughout the testimony, suggesting there was no significant change in market expectations for interest rates. Powell emphasized that the economy was in a solid place and that the central bank saw no need to adjust its policy stance. Trump suggested that borrowing costs had put the US at a disadvantage, though they were cut to historically low levels last year.
"Germany & other countries get paid to borrow money," he wrote."We are more prime, but Fed Rate is too high, Dollar tough on exports."
Source: News Formal (newsformal.com)
FakeNews
rcarr57 Does Trump have evidence supporting anything he does a says? NO. But his followers don't care.
If you pay attention- the markets drop on news every other week. Coronavirus, trade war, impeachment- just another day on Wall Street.
Every zero tick in the market is met with a buy program. Maybe one of these bozo congresspeople can ask Powell if that's the intended result of the Repo Operations.
since when has evidence or reality mattered to what Trump says?
Effort at manipulation-withholds his approval trying to coerce him to lower rates ASAP
What. The. Fuck. This man is nuts and now there is no stopping him
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