Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Trump hammers Fed, Powell for lack of 'guts, vision': Fed cuts rate by a mere 25 basis points.
Yahoo Finance ^ | 09/18/2019 | Javier E. David

Posted on 09/18/2019 12:32:46 PM PDT by SeekAndFind

President Donald Trump on Wednesday harshly rebuked the Federal Reserve, accusing the central bank and Fed Chair Jerome Powell of having “no guts” by not meting out a more aggressive interest rate cut as the global economy slows.

The Federal Reserve on Wednesday cut interest rates again by 25 basis points to a new target range of 1.75% to 2%, and telegraphed a strong likelihood of one more rate cut by the end of the year.

However, some on Wall Street anticipated a more aggressive easing of 50 basis points, particularly with financial markets conditions tightening. Indeed, markets sank to their lows of the day as investors digested the Fed’s latest monetary policy decision, and what divided officials meant for the prospect of more monetary stimulus.

Trump tweeted that the central bank lacked “vision” as well as clear communication — continuing his war of words against the Fed and the man he hand-picked to lead the institution.

Jay Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!

— Donald J. Trump (@realDonaldTrump) September 18, 2019

The central bank’s decision — and its ‘dot plot’ of future rate expectations — indicated a clearly dovish bias. However, the market’s reaction suggested disappointment that a deeper easing campaign could pull rates even lower.

“Bottom line, there is now a likelihood that as of today, this might be the last rate cut of the year as the 'mid course adjustment' process continues but could be done,” noted Peter Boockvar, chief investment officer at Bleakley Advisory Group.

“So call this a hawkish cut. The stock market is of course disappointed with the limit on the amount of candy they'll get, but more rate cuts assumes an ever slowing economy and that's not something to cheer for,” he added.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: fed; federalreserve; feedthemarket; feedthestockmarket; fiat; inflation; interestrates; jaypowell; moneyprinting; powell; powelljaypowell; repo; thefed; trump
Navigation: use the links below to view more comments.
first 1-2021-28 next last

1 posted on 09/18/2019 12:32:46 PM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

“...but more rate cuts assumes an ever slowing economy and that’s not something to cheer for,” he added.”

Ok so this maroon is saying that lowering interest rates will slow the economy? This is some serious stupidity.


2 posted on 09/18/2019 12:39:25 PM PDT by billyboy15
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Tar Baby....................


3 posted on 09/18/2019 12:41:21 PM PDT by Red Badger (Against stupidity the gods themselves contend in vain......................)
[ Post Reply | Private Reply | To 1 | View Replies]

To: billyboy15

“Ok so this maroon is saying that lowering interest rates will slow the economy? This is some serious stupidity.”

Interpreting his remarks like that shows some serious stupidity.


4 posted on 09/18/2019 12:41:29 PM PDT by FewsOrange
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

FED mandate: Full employment, 2% inflation target.

Employment: Over full, statistically.

Inflation: 1.6%, below target.

1/4 point cut: Just fine, move on.

Goldilocks economy.


5 posted on 09/18/2019 12:43:02 PM PDT by SaxxonWoods (The internet has driven the world mad.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Take the win however keep pushing for more

Very likely another cut comes in December or January and once again around June next year

Winning!


6 posted on 09/18/2019 12:45:15 PM PDT by Vendome (I've Gotta Be Me https://www.youtube.com/watch?v=BB0ndRzaz2o)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Short rates are still above where the market would put them.

Anybody who supports the Fed, supports the manipulation of the markets by elitist Ivy Leaguers.


7 posted on 09/18/2019 12:46:48 PM PDT by Moonman62 (Charity comes from wealth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: billyboy15

No. He’s saying the rate cuts would be IN RESPONSE to slowing economic conditions ... so we should be careful what we are wishing for.


8 posted on 09/18/2019 12:49:44 PM PDT by Alberta's Child ("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Alberta's Child

“No. He’s saying the rate cuts would be IN RESPONSE to slowing economic conditions ... so we should be careful what we are wishing for.”

I know what he said. The reason he is a maroon is because he thinks DOING something which is done DURING a recession and doing it to forestall a recession would actually CAUSE a recession.

Hang a stupid medal on this joker.


9 posted on 09/18/2019 12:58:02 PM PDT by billyboy15
[ Post Reply | Private Reply | To 8 | View Replies]

To: SaxxonWoods
The American economy will be hurt if only two other countries have healthy economies. Keeping the dollar this strong will slow US businesses- by a cut the President wants to keep global sales moving.
10 posted on 09/18/2019 12:59:51 PM PDT by Vision (Obama corrupted, sought to weaken and fundamentally change America; he didn't plan on being stopped.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SaxxonWoods

Don’t believe this full employment BS.


11 posted on 09/18/2019 1:01:36 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: central_va

The term “full employment” isn’t supposed to suggest that everyone is employed. It’s used to describe a condition where the mix of employed and unemployed people, combined with the current skills needed in our industries, begins to have inflationary pressure on wages.


12 posted on 09/18/2019 1:10:06 PM PDT by Alberta's Child ("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
[ Post Reply | Private Reply | To 11 | View Replies]

To: All

President Trump was correct in 2016 on the campaign trail:
https://www.realclearpolitics.com/video/2016/09/06/trump_the_fed_keeping_interest_rates_artificially_low_so_the_economy_doesnt_go_down.html

The N.Y. Fed printed $128 billion in the last 2 days to prevent a REPO melt down.
https://www.thestreet.com/investing/fixed-income/ny-fed-doubles-down-on-repo-intervention-as-bank-cash-crisis-rattles-markets-15094169

“Money for nothing and the chicks (black swan chicks) are free”:
https://youtu.be/lAD6Obi7Cag


13 posted on 09/18/2019 1:11:41 PM PDT by Drago
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

“... but more rate cuts assumes an ever slowing economy and that’s not something to cheer for,” he added”

The rate cuts have absolutely nothing to do with a “slowing US economy”...which is record setting good.

They have to do with a half dozen EU countries trying to solve THEIR slowing economies with negative interest rates, and how those negative rates in turn affect currency valuations and imports/exports.

I happen to agree with this moderate move to offset the market distortions created by those negative rates. But there is another factor to be considered that people are missing.

Yes, global money is borrowing for less than nothing in Germany and other countries and buying US Treasuries with that money, bringing down the yield at bond auctions. But they are also going to be buying US equities, especially the ones that provide dividends. Think of it...borrow a million “dollars” worth of German money at nothing percent and using that money to buy shares of, say, Ford which is paying close to 6 1/2% dividend. Or some other US company.

Just my humble opinion on that last bit.


14 posted on 09/18/2019 1:14:08 PM PDT by jdsteel (Americans are Dreamers too!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Can this Powell be fired?


15 posted on 09/18/2019 1:20:35 PM PDT by jospehm20
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

??? Trump is playing this wrong. Isn’t begging for a rate cut tantamount to admitting the economy is NOT doing well?


16 posted on 09/18/2019 1:30:00 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Some people are speculating that Trump is going to come out with more tariffs in response to this by this weekend or at least tariff tweets.

It’s possible.

I am mostly closing positions at end of day for fear of the next twitter tirade.


17 posted on 09/18/2019 1:37:36 PM PDT by RummyChick ("Pills, money .. this city is wicked. Your best friend will kill you here." Smoove about Baltimore)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The Fed clearly wants to get rid of Trump.

They get paid whether the economy tanks or not.


18 posted on 09/18/2019 1:38:31 PM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory.)
[ Post Reply | Private Reply | To 1 | View Replies]

the very fact that a world wide private banking conglomerate can literally wave their hand and cause undo financial instability, should tell you all you need to know about this evil cabal of ‘central banks’

they answer to no one.....


19 posted on 09/18/2019 1:53:07 PM PDT by raygunfan
[ Post Reply | Private Reply | To 18 | View Replies]

To: SeekAndFind

No more rate cuts means more currency in circulation to fuel Trumps manufacturing renaissance.


20 posted on 09/18/2019 2:32:27 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-28 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson