Below is an extract of a post published on Guardian titled "Trump has a point about interest rates, but his method is foolhardy | 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
Sniping at his own choice for the Federal Reserve is bad for the president and the central bank Another day, another tweet from Donald Trump telling the US Federal Reserve how to do its job. “I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake,” he wrote on the eve of a high-profile decision on interest rates. He then advised the supposedly independent central bank to “feel the market, don’t just go by meaningless numbers.” In other words, look at the falling stock market as well as the economic data. For good measure, Trump wanted a rethink on the “50 B’s”, by which he meant $50bn-a-month unwinding on quantitative easing. Continue reading…
