https://finance.yahoo.com/news/trump-slams-fed-again-says-151047489.html
Powell's comedian job is secure.
U.S. central bankers in March signaled no rate moves in 2019, based on their outlook for solid if unspectacular economic growth with inflation near goal.
No rate hikes until 2021. 2020 is an election year.
It also comes days after Federal Reserve Chairman Jerome Powell, a frequent target of Trump’s criticism, told lawmakers at a Democratic Party retreat that the central bank won’t bend to political pressure, according to two people in the room for the closed-door event.
Powell's comedian job is secure.
U.S. central bankers in March signaled no rate moves in 2019, based on their outlook for solid if unspectacular economic growth with inflation near goal.
No rate hikes until 2021. 2020 is an election year.
Prior to Trump’s tweeting, global policy makers had spent the weekend leaping to the defense of the Fed and other central banks facing pressure from politicians. At talks of the International Monetary Fund in Washington, European Central Bank President Mario Draghi said on Saturday that he was “certainly worried about central bank independence” and especially “in the most important jurisdiction in the world.”
Still drinking the coolaid.
While many politicians want their central banks to juice growth by keeping monetary policy easy, the risk is the political meddling leaves investors worrying about a flare up of inflation and push up market interest rates in response, potentially hurting expansions.
All governments are equally broke.
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