Trump Blasts Powell on Rate Hikes, QT, and the Strong Dollar at CPAC 2019
Trump went after Jerome Powell again today with Swipes at Fed for Raising Rates and a Too Strong Dollar.
“I want a dollar that does great for our country, but not a dollar that’s so strong that it makes it prohibitive for us to do business with other nations and take their business,” Trump said.
He didn’t mention Powell by name, but referenced “a gentleman that likes raising interest rates in the Fed, we have a gentleman that loves quantitative tightening in the Fed, we have a gentlemen that likes a very strong dollar in the Fed.”
“Can you imagine if we left interest rates where they were, if we didn’t do quantitative tightening,” Trump said. “There’s no inflation,” he added.
December 24 Snipe
Mike "Mish" Shedlock