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

[scottinoc]

Isn’t begging for a rate cut tantamount to admitting the economy is NOT doing well?

No, it means we have a President who wants America First and doesn't give a sh!t about what presidents normally do.

[Paul R.]

No, I think Trump knows TSWHTF in the ME soon, regardless of what we do, including “nothing” (insofar as spanking Iran might go). That will tank the world economy, which in turn will be a serious drag on ours. Revving our economy further, starting now, will help mitigate that last.

[mac_truck]

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.

Bingo...not to mention China weakening its currency in response to US tariffs.

[antceecee]

Agree

[antceecee]

Interesting and perhaps right on.

[antceecee]

Pretty much...they hold the cards. Unelected cabal.

[antceecee]

Yes it is coming in ME and Trump will seek protection of US economy.

[Georgia Girl 2]

You do understand that when the Fed announces a 2% inflation target they are announcing the profits they plan to make for themselves. Inflation does not just happen.