Trump takes jab at Fed amid economic nervousness
Trump took aim at the Federal Reserve on Tuesday morning, a move that skeptics said betrayed nervousness about the political dangers of a slowing economy and declining stock market.
The president complained that the Fed should avoid making “yet another mistake,” asserting that its board should read a Wall Street Journal editorial which called for a pause in hiking interest rates.
Fed watchers expect the central bank to raise interest rates on Wednesday for a fourth time this year.
Trump also asserted that the Fed should “feel the market, don’t just go by meaningless numbers,” a phrase that drew some mockery from economists, media figures and Trump critics on social media.
https://thehill.com/homenews/the-memo/421990-trump-takes-jab-at-fed-amid-economic-nervousness?userid=229233
Messing with the Fed worked out so well when Nixon tried it. We ended up with double digit inflation.
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