President Donald Trump met with Federal Reserve Board Chairman Jerome Powell, one of his favorite punching bags, in a surprise meeting that was left off the President’s public schedule Monday.
Fed = True Facts
Trump = Alternate Facts
QE, or quantitative easing, was a program of bond-buying that was designed to put liquidity back into the system. The Fed, ECB, BOJ and others coordinated their activities, even if their economies were slightly out of sync. Generally, the idea was to exit QE a couple years ago by incremental hikes. Indeed, this is what Yellen did. Some economists argued that there was huge room for QT, quantitative tightening, and that it was appropriate to give central banks room to maneuver when the next recession hits. Trump oddly thinks that it is expedient to continue easing, but the chief argument at the Fed was just to bring us back to a neutral monetary stance. Moreover, dumping bonds would stave off the massive M&A frenzies that typically foreshadow a recession.
Donald - the economy is the only thing you have going for you. Please stop “doing.”
First time in history I’m praying for laissez-faire.
Fed Chair: Talks to an ass.
Toad Glans: Tweets out of his ass.
In his capacity as a failed businessman and Russian agent, it’s best to avoid his advice.
It’s a wonder that Trump has not attempted to order the Federal Reserve to simply print more money.
Mnuchins’ gold-digger wife makes that call…
Who ya gonna trust??
That scraps my plan to have Trump as my financial adviser and travel agent to NATO countries.
While Jerry and Donald do their good cop bad cop act the Federal Reserve has initiated a tidal wave of ‘printed’ money into the financial markets, $250bn in 2.5 months and $60bn per month more till “spring”. That initial amount in a compressed period even exceeding 2009’s launch of QE.
They are going to Inflate America Great Again. Inflate financial assets that is. So your happy if you have a 401 I suppose so I will shut up about it.
Now I know how people feel when I talk about technology and other parts of my IT job.
Jerome Powell is a corrupt shill for the Trump Organization. He is in the business of funneling cheap money to Trump and his real estate cronies.
Trump’s version:
I met with the chairman. It was was Great! He agreed to do whatever I tell him to do.
Chairman Powell’s version:
Um… we met, but none of that happened.
So, who’s telling the truth? You decide.
The negative interest rates suggestion from someone with a negative intelligence quotient is, simply put, a bad idea.
You know who loves this kind of uncertainty? The markets!
Trump’s version of the meeting is a second-hand telling of what transpired. It’s mere hearsay.
Well, I guess this answers how important the medical emergency was from over the weekend.
Not enough to keep him from being his normal self - an a$$hole.
Unlike Trump the Fed Chair has to consider the impact of his words on the economy writ large. We shouldn’t know what they might have been discussed and even agreed in their private meeting. Some things should be kept private, not tweeted.
How do you know when Trump is lying? When his fingers are moving or his mouth, basically any part of him.
I’ll go with the guy who doesn’t have 15,000 lies under his belt.