Below is an extract of a post published on Guardian titled "The Fed is ignoring Trump: this is a fight he cannot win | Nils Pratley"
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Make america great again.- Donald Trump.
What counts is not necessarily the size of the dog in the fight. It's the size of the fight in the dog.- Dwight D. Eisenhower.
The best executive is the one who has sense enough to pick good men to do what wants done, and self-restraint to keep from meddling with them while they do it.- Theodore Roosevelt.
Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak and esteem to all.- George Washington.
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Via: Guardian
The president has attacked Jerome Powell again, but the central bank is simply dealing with economic reality In the past month Donald Trump has called the US Federal Reserve “crazy”, “out of control” and “loco”. This week he returned for another bite. The Fed is the “my biggest threat”, said the president, and he is “not happy” with the chairman, Jerome Powell, an official he nominated to office less than a year ago. The upwards adjustments to US interest rates are “too fast”, argued Trump, because inflation is “very low”. Expect to hear more of this nonsense because the Fed shows no sign of being distracted from its course. The odds were already short on a rise in US rates in December and they shortened again on Wednesday with the publication of minutes of policymakers’ last meeting. The notes showed a clear preference for “further gradual increases”. Continue reading…
