Monday, September 10, 2018

President Donald Trump VS the US Federal Reserve

"Trump attacking the Fed now when Q2 growth is 4%. What will he bark in 2020 when growth slumps to 1% given fiscal drag, necessary Fed tightening to control inflation, trade wars, high oil prices given supply risks & a bear stock market? Trump will go berserk in that election year."

"Hopefully the Fed will ignore Trump and keep its effective independence. Look at  Turkey for what happens when an authoritarian bully tries to interfere with an independent central banks"

via twitter