Fed ignora a Trump
Central bank does not pay attention to the president's criticism Silence is the most correct response to high-caliber critics. Winston Churchill used to say that he would never have reached the end point of his route if he had reacted to every dog bark. Donald Trump refers to Jerome Powell as a ship on shore. With a lot of impudence. But the Fed chairman pretends that he doesn't notice anything. He prefers to pay attention to economics and not politics. However, his recent speech hints at a desire to correct the October mistake. When the mention of a long path to a neutral level of the federal funds rate caused a drop in the stock market. One could have followed the principle "there is so much dirt in life that things just have to come out in the wash," but Powell made a different choice. LiteFinance: Markets stopped responding to criticism of the FED by the president of the United States |Litefinance People don't always get wiser with age. Sometimes age comes separately. The 45th president of the United States does not seem to consider the sad experience of his predecessors. In the 1970s, Richard Nixon demanded that rates be kept low until the election in a private conversation with Fed chief Arthur Burns.
The latter agreed, which caused uncontrolled inflation. Without a doubt, history is a great teacher, but it is not responsible for student results. Jerome Powell understands well that Trump can make his life much more Paraguay Mobile Number List complicated, but his decisions will be judged by later generations. Of course, he can give up, turn a blind eye to economic laws and his own principles, and stop working, obeying the will of the White House. But he who stops working goes bankrupt. He is not the current Fed chairman. LiteFinance: Markets stopped responding to criticism of the FED by the president of the United States |Litefinance The markets did not pay attention to another portion of Trump's criticism of the Fed chairman, although they used to actively sell and then buy back the dollar in the same situation before. Investors are likely to understand that Donald Trump's words should be treated like Agatha Christie's detective stories. Look for the truth in the next room.
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If there was a commotion in the kitchen, Hercule Poirot would look for a body in the library, and so on. When the president says the Fed is crazy, he must be willing to draw attention to other problems. For example, from the growing budget deficit of more than $1 trillion or the distress of American farmers caused by the trade war with China. Without a doubt, every good politician knows how to bury bad news and formulate an agenda correctly. But Trump sometimes remembers a woman. If a woman is silent, she must be thinking about what to say without thinking. LiteFinance: Markets stopped responding to criticism of the FED by the president of the United States |Litefinance On the other hand, Trump's position on China deserves respect. First, he threatens to impose tariffs on all goods imported from China, then he softens his rhetoric and says he is ready for a deal. However, he is already happy with the multimillion-dollar fee payments. Trump urges Beijing to compromise and acts on a large scale: - Would you like fish or a fishing rod? - Red o dinamita. It seems that the President of the United States is not as narrow-minded as the Democrats presented him during the 2016 elections.
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