President Donald Trump on Friday called on the Federal Reserve to take drastic action to support the U.S. economy, about an hour after new data showed strong jobs numbers and healthy wage growth.
Trump is escalating his long-running battle with the Fed, which he has accused of being the "only problem" facing the economy. He pressed Chairman Jerome Powell for months to halt the central bank's interest-rate-hike campaign, but is now calling on the Fed to stimulate growth. He has also said he intends to nominate two Fed governors who say they support rate cuts.
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Source: Financial Digest (financialdigest.net)
The GOP's trickle down chickens are coming home to roost as GDP trends DOWN and we are looking at a Recession by September. You heard it hear first. Corporate profits for the first quarter are going to be dismal and spook the markets....Trump is done.
Lmao yeah lets cause the biggest recession in history! Bigly!
Why lower the rates the economy is doing fine dropping the rates only makes trump richer not the economy 👿💩👺👹
The fed needs to abolished and tell the bankers you will no longer steal America’s money with imaginary debt!
He's preparing to fire everyone in the department.
🤔😱🤒
Two days AFTER his people said he’s not trying to influence the Fed.
More proof of realDonaldTrump Jenius
He's been saying everything is so great. What gives?
More proof Trump has no clue when it comes to the economy.
Obama economy continues to grow at a solid pace. Trump wants a sugar high for an economy going into the election so he can pretend he’s done something.
.realDonaldTrump But...isn't the economy doing fine?
He was still waiting on the Afternoon Briefing.
Trump is a damned fool without any idea what he is doing. He appoints two hacks to the Fed....an organization whose main asset is its credibility.
DitchMitch2020 !!!!!
Well I guess the Republicans & Trump didn't learn anything from the overlending and easy money from the financial crisis by the Banks Over-inflated asset prices lead to big freaking crashes! Trump was trying to paying off the deficit by making us pay Tarrifs. NOT WORKING
Trump is transferring the wealth of our country to the top 1%. He is not only profiting, he is lining the pockets of the world’s top 1%. This is a crime spree and red hats are fodder for his grist mill. Watch.
Trump on Friday called on the Federal Reserve to take drastic action to support the U.S. economy, about an hour after new data showed strong jobs numbers and healthy wage growth. Because. a healthy wage growth means the money for it comes out of Donald Trumps pocket.
Trump wants the Fed to help him win the next election. That's what this is all about. He cares nothing about another recession. He'll bankrupt the country to achieve his objectives.
Could have been worse, an hour before the numbers were released
Nationalise the Fed.
He knows if economy goes down, so does he. It's a bullshit magic act, based on easy money and massive tax cuts and debt.
He’s doing what the banks did just before the mortgage collapse.
Is it me or does this inflationary policy seem like it'll end in an economic crash?
As the zStyx song says, 'Everybody's your friend, as long as you are buying' (drinks at the bar).
Trump doesn't understand that Greenspan and Volker had to take the punch bowl away from the party when the economy got too hot.
🚀Kabooooom!💥
Proving to the world that the US is the best economy of the world is irrelevant. It's about the future of mankind on earth. Deniers are gathering their piles of wealth in order to buffer themselves as conditions change. It's wasted energy on money policies. Work with the world.
Oh give him his rocket ship by all means, and make sure he sits in first class when it blasts off for the unknown.
In a strong economy the Fed should be raising rates and reducing it's portfolio in order to be in a position to starve off any future recession. The economy doesnt need any further Government stimulus, we only saw modest growth from taxcuts which have already lost its effect
What he dose is for the American people . What’s your excuse politico .
Lol at the comments... Good lord TDS needs to be recognized as a mental disorder... I'll even donate to the medical funds to get you ppl help...
you sure didn't look at the jobs report very clearly political so I can't trust anything you say
Off the rails
What’s your point?
Trump finally has access to American money again and he's gonna spend it like a blank check smh
Lives in LaLa Land
What a putz
Trump on Friday called on the Federal Reserve to take drastic action to support the U.S. economy, about an hour after new data showed strong jobs numbers and healthy wage growth. Because. a healthy wage growth means the money for it comes of Donald Trumps pocket.
To Trump if it goes up to fast it crashes
realDonaldTrump really is doing his darnedest to destabilize markets, undermine confidence in the independence of the fed, increase inflation and cause a recession while weakening what tools remain in the fed toolkit to address actual economic problems.
Some people are saying........
Well, as the saying goes:
The guy is absolutely clueless!!!
Anyone care to explain this one?
Trump will never learn how to be POTUS.
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