First Thing You Should Know: How do you think President Trump would like to have a full Monty recession underway around while he’s campaigning for reelection in 2020? Not much! He says the Fed is holding back the economy. That’s why he’s calling for the Fed to lower interest rates a full-percentage point and to […]
Trump Criticizes Fed, Chairman Powell It’s not hard to see that confidence in the Federal Reserve is collapsing. Usually the Fed quietly booms and busts the economy for its own reasons and escapes unnoticed for it, like a thief in the night. But President Trump has changed that, unleashing a firestorm of criticism on the Fed and Chairman […]
Another Hike So, President Trump’s objections notwithstanding, the Fed raised interest rates once again on Wednesday. That’s its fourth rate hike this year. The Fed does not seem to realize the stress the US economy is under: stress from stock market volatility, political uncertainty, trade wars, threatened hot wars, growing deficits, big debt, global de-dollarization, […]
Sometimes I like to share the views of others, views that deserve serious consideration. One of those views is that the Federal Reserve is about ready to tank the stock market. Although there are some, not all of those who believe this think the Fed is about to drive a stake through the heart of […]
Trump vs. the Fed It was President Trump vs the Fed and chairman Jerome Powell this week. The President caused a stir when he questioned the Federal Reserve’s monetary policy. It was something of an unprecedented move. Since the Federal Reserve is independent and separate from the federal government, it broke the standard norm of […]
Gold Hammered by Strong Dollar Friday As Trade War Remains in Focus Precious metals struggled Friday. Though gold hit a two week high earlier in the week climbing to $1,313, Friday saw gold hammered by strong dollar index. Trade war and tariffs dominated headlines. President Trump levied 25% tariffs on 800 Chinese imported goods, and […]