FEDERAL RESERVE/NOMINATIONS/TRUMP PEOPLE: “I am pleased to announce that it is my intention to nominate Judy Shelton, Ph. D., U.S. Executive Dir, European Bank of Reconstruction & Development to be on the board of the Federal Reserve….” –Donald Trump, Twitter.com, July 2, 2019 5:36 pm […]
Category: Federal Reserve
7/2/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “I am pleased to announce that it is my intention to nominate Judy Shelton, Ph. D., U.S. Executive Dir, European Bank of Reconstruction & Development. Judy is a Founding Member of the board of directors of Empower America and has served on the board of directors of Hilton Hotels.” –Donald Trump, […]
7/2/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP PEOPLE: “….Prior to his current position, Christopher served as a professor and Chair of Economics at Notre Dame.” –Donald Trump, Twitter.com, July 2, 2019 5:08 pm […]
7/2/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP PEOPLE: “I am pleased to announce that it is my intention to nominate Christopher Waller, Ph. D., Executive VP and Director of Research, Federal Reserve Bank of St. Louis, Missouri, to be on the board of the Federal Reserve….” –Donald Trump, Twitter.com, July 2, 2019 5:08 pm […]
6/24/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump continued his assault on the Federal Reserve on Monday [6-24-19], blaming the central bank for reining in a United States economy that is on track to reach its longest expansion in history. Mr. Trump, in a pair of tweets, said the economy and stock market would have been even […]
6/24/2019
FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump has made heckling the Federal Reserve, and its chair, Jerome H. Powell, something of a sport. He has berated Mr. Powell for raising interest rates and taking steps to end a crisis-era stimulus program, likening the Fed to a powerful golfer who has ‘no touch’ and cannot win. The […]
6/24/2019
FEDERAL RESERVE/TRUMP AS PRESIDENT: “….Think of what it could have been if the Fed had gotten it right. Thousands of points higher on the Dow, and GDP in the 4’s or even 5’s. Now they stick, like a stubborn child, when we need rates cuts, & easing, to make up for what other countries are […]
6/24/2019
FEDERAL RESERVE/TRUMP AS PRESIDENT: “Despite a Federal Reserve that doesn’t know what it is doing – raised rates far too fast (very low inflation, other parts of world slowing, lowering & easing) & did large scale tightening, $50 Billion/month, we are on course to have one of the best Months of June in US history…” […]
6/24/2019
FEDERAL RESERVE/TRUMP AS PRESIDENT: “Despite a Federal Reserve that doesn’t know what it is doing – raised rates far to fast (very low inflation, other parts of world slowing, lowering & easing) & did large scale tightening, $50 Billion/month, we are on course to have one of the best Months of June in U.S. history..” […]
6/24/2019
FEDERAL RESERVE/TRUMP AS PRESIDENT: “….Think of what it could have been if the Fed had gotten it right. Thousands of points higher on the Dow, and GDP in the 4’s or even 5’s. Now they stick, like a stubborn child, when we need rates cuts, & easing, to make up for what other countries are […]
6/20/2019
CHINA/ECONOMY/ELECTION/FEDERAL RESERVE/ TRUMP AS PRESIDENT: “President Donald Trump is firing up his economic Wayback Machine in an effort to boost markets, the economy and his own political fortunes heading into his reelection campaign. Economists warn that Trump’s approach, with its roots in 19th century mercantilism and 1980s Reaganism, risks back-firing on him in potentially significant […]
6/19/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “The Federal Reserve on Wednesday [6-20-19] held interest rates steady but opened the door to a possible cut this year amid fears of a slowing economy, in a move unlikely to calm President Donald Trump days after he suggested he might try to demote Fed Chairman Jerome Powell. The Fed’s rate-setting […]
6/19/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump might get what he wants from the Federal Reserve, which kept interest rates steady on Wednesday [6-19-19] but indicated that it could soon cut them as economic risks mounted and inflation remained stuck below target. A growing number of officials on the Fed’s policymaking committee expect to lower rates […]
6/12/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “As President Trump rails against the Federal Reserve and urges it to lower interest rates, a similar push is coming from a group founded this year by three left-leaning millennials — albeit for very different reasons. Mr. Trump regularly points out that inflation is low and says that the Fed should […]
6/11/2019
EU/FEDERAL RESERVE/TRUMP AS PRESIDENT: “This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue! https://t.co/0CpnUzJqB9” –Donald Trump, Twitter.com, June 11, 2019 7:47 am […]
6/11/2019
EU/FEDERAL RESERVE/TRUMP AS PRESIDENT: “This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way to high, added to ridiculous quantitative tightening! They don’t have a clue! https://t.co/0CpnUzJqB9” –Donald Trump, Twitter.com, June 11, 2019 7:08 am […]
6/10/2019
CHINA/ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump renewed his criticism of the Federal Reserve on Monday [6-10-19], saying that the Fed erred in lifting interest rates last year and put the United States at a disadvantage to China. Mr. Trump, in an interview on CNBC, said the Fed ‘made a big mistake: They raised interest rates […]
6/6/2019
DEMS/FEDERAL RESERVE/INVESTIGATIONS/SENATE/TRUMP AS PRESIDENT: “A group of Democratic senators wants top officials at the Federal Reserve to examine whether Deutsche Bank complied with anti-money-laundering and other laws after bank employees flagged transactions tied to President Trump as potentially suspicious. The request, in a letter sent Thursday [6-6-19], was in response to a New York Times […]
5/21/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT/TRUMP PEOPLE: “The Trump administration is vetting Judy Shelton, a conservative economist and former Trump campaign adviser, for a seat on the Federal Reserve Board, according to people familiar with the matter, putting the longtime Fed critic one step closer to a leadership role at an institution she would like to drastically […]
5/14/2019
CHINA/FEDERAL RESERVE/TRUMP AS PRESIDENT: “China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing. If the Federal Reserve ever did a ‘match,’ it would be game over, we win! In any event, China wants a deal!” […]
5/2/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP PEOPLE: “Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process. Steve won the battle of ideas including Tax Cuts….” –Donald Trump, Twitter.com, May 2, 2019 11:29 am […]
4/30/2019
FEDERAL RESERVE/GOP/NOMINATIONS/TRUMP AS PRESIDENT: “The conservative commentator Stephen Moore’s chance at confirmation to the Federal Reserve Board teetered on Tuesday [4-30-19] after one Republican senator said it was unlikely she would support him and multiple Republican senators began to publicly question whether the problematic favorite of President Trump would have enough votes if nominated. Senator […]
4/30/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “Federal Reserve officials are poised to disappoint President Trump at the conclusion of their two-day policy meeting on Wednesday [5-1-19], with the central bank expected to leave interest rates unchanged despite Mr. Trump’s repeated calls for it to start cutting rates. Mr. Trump has criticized the Fed’s 2018 interest rate increases […]
4/30/2019
CHINA/ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “China is adding great stimulus to its economy while at the same time keeping interest rates low. Our Federal Reserve has incessantly lifted interest rates, even though inflation is very low, and instituted a very big dose of quantitative tightening. We have the potential to go…” –Donald Trump, Twitter.com, April 30, […]
4/29/2019
FEDERAL RESERVE/NOMINATIONS/SENATE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “The tide in the Senate is showing signs of turning against Stephen Moore, President Donald Trump’s pick for a seat on the Federal Reserve, with one member of Republican leadership voicing strong concern over his disparaging comments about women…Pressed for her specific objections, Ernst added: ‘Look at his writings … […]
4/26/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT/TRUMP PEOPLE/WOMEN: “Stephen Moore, President Trump’s preferred choice for the Federal Reserve, has written that women should not serve in the military or serve beer at men’s basketball games — unless they look like his favorite female ESPN commentator and dress in halter tops. He has scraped through a messy divorce, failing […]
4/24/2019
FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Donald Trump’s top economic adviser reaffirmed the administration’s support for Stephen Moore as his vetting for a seat on the Federal Reserve Board of Governors continues. Larry Kudlow, speaking to reporters on Wednesday, said, ‘We continue to back Stephen Moore, continue to back him.’ Earlier this week, CNN’s KFile […]
4/22/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT/TRUMP PEOPLE: “My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board. I will respect his wishes. Herman is a great American who truly loves our Country!” –Donald Trump, Twitter.com, April 22, 2019 11:16 am […]
4/15/2019
FEDERAL RESERVE/TAXES/TRUMP AS PRESIDENT: “President Donald Trump played up the benefits of his tax cuts on Monday’s [4-15-19] tax filing day in a state where he’s aiming to turn a narrow defeat in the 2016 presidential race into a victory in his re-election bid next year…The $1.5 trillion, 10-year package of tax cuts Trump signed […]
4/14/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%…with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!” –Donald Trump, […]
4/11/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “President Donald Trump’s embattled nominee for the Federal Reserve board, Stephen Moore, defended himself Thursday [4-11-19] against accusations that he’s unqualified for the role and asserted that the central bank can be ‘divorced from politics’…Moore also said he would not be the first member of the board with close ties to […]
4/11/2019
FEDERAL RESERVE/NANCY PELOSI/NOMINATIONS/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Speaker Nancy Pelosi on Thursday [4-11-19] sharply criticized President Donald Trump’s planned picks for the Federal Reserve, Herman Cain and Stephen Moore, warning that the hyperpartisan duo would be ‘dangerous’ for the economy…Democrats and Republicans alike have skewered Cain, a former pizza magnate, and Moore, a former member of […]
4/9/2019
FEDERAL RESERVE/NOMINATIONS/SENATE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Herman Cain is in deep trouble. And he hasn’t yet even been formally nominated to the Federal Reserve. Senate Republicans are warning the White House that the 2012 presidential candidate will face one of the most difficult confirmation fights of Donald Trump’s presidency and are making a behind-the-scenes play to […]
4/8/2019
ECONOMY/FEDERAL RESERVE/GOP/TRUMP AS PRESIDENT: “GOP lawmakers have given in to President Donald Trump on almost every contentious issue, but they’re quietly breaking from him on one front that has drawn the president’s repeated ire: the Federal Reserve. Trump is pushing two celebrity Republicans and Fed critics — Herman Cain and Stephen Moore — to serve […]
4/5/2019
ECONOMY/FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “President Donald Trump said on Friday [4-5-19] the U.S. Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy that he said they slowed down…The U.S. president also suggested that the central bank pursue an unconventional monetary policy called ‘quantitative easing’ that was used […]
4/5/2019
ECONOMY/FEDERAL RESERVE/LABOR/TRUMP AS PRESIDENT: “President Trump on Friday [4-5-19] called on the Federal Reserve to cut interest rates and take additional steps to stimulate economic growth, his latest attempt to put the traditionally independent central bank under his thumb. Speaking to reporters before traveling to the southwestern border, the president once again criticized the Fed’s […]
4/5/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump on Friday [4-5-19] called on the Federal Reserve to take drastic action to support the U.S. economy, about an hour after new data showed strong jobs numbers and healthy wage growth…He also said the central bank should restart its bond-buying program known as ‘quantitative easing,’ a measure taken […]
4/5/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump said on Friday [4-5-19] the U.S. Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy that he said they slowed down…The U.S. president also suggested that the central bank pursue an unconventional monetary policy called ‘quantitative easing’ that was used […]
4/4/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Donald Trump said Thursday [4-4-19] that he’s recommending Herman Cain, a former pizza executive who dropped his bid for the 2012 Republican presidential nomination amid sexual harassment allegations, for a seat on the Federal Reserve Board…The announcement comes weeks after Trump floated another nominee to fill an open seat […]
4/4/2019
FEDERAL RESERVE/NOMINATION/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Mitt Romney is not particularly impressed with the idea of Herman Cain joining the Federal Reserve, though President Donald Trump is pushing forward on the possible nomination. In an interview, the Utah Republican senator brushed off the prospect of Trump following through and officially nominating Cain: ‘I doubt that will […]
4/4/2019
CHINA/ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “Despite the unnecessary and destructive actions taken by the Fed, the Economy is looking very strong, the China and USMCA deals are moving along nicely, there is little or no Inflation, and USA optimism is very high!” –Donald Trump, Twitter.com, April 4, 2019 7:01 am […]
4/2/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT/TRUMP PEOPLE: “U.S. President Donald Trump intends to nominate Michelle Bowman, who has served on the Federal Reserve’s Board of Governors since November 2018, for a 14-year term on the board beginning on Feb. 1, 2020, the White House said on Tuesday [4-2-19]. Bowman, who ran the Kansas state bank commission before […]
4/2/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “U.S. President Donald Trump told Federal Reserve Chairman Jerome Powell ‘I guess I’m stuck with you’ in a recent phone call, the Wall Street Journal reported on Tuesday [4-2-19], underscoring tensions between the White House and the independent central bank. The Trump administration has repeatedly and publicly blasted the Fed […]
3/29/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump continued to rail against the Federal Reserve on Friday [3-29-19], criticizing the central bank for raising interests rates and suggesting U.S. growth had suffered as a result…Trump and the central bank clashed in September last year when Fed officials raised interest rates and determined at least two more […]
3/29/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0% GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!” –Donald Trump, Twitter.com, March 29, […]
3/28/2019
COMMERCE/ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump is getting exactly what he wants on the economy, but it may not last. The Federal Reserve has abruptly stopped its march toward higher interest rates, as Mr. Trump demanded. The tax cuts he signed in late 2017 are in full swing. His attempt to rewrite the global rules […]
3/26/2019
FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Donald Trump’s choice of former campaign adviser Stephen Moore to serve on the Federal Reserve Board is stirring misgivings among some bankers, who worry that the conservative economist would erode the Fed’s political independence. Moore hasn’t been formally nominated or even fully vetted by the White House yet, but […]
3/26/2019
FEDERAL RESERVE/NOMINATION/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Stephen Moore said he would not be a ‘sycophant’ for President Trump if nominated and confirmed for a seat on the Federal Reserve. And he is sorry he called for the Fed chairman to step down after the central bank raised interest rates. In an interview on Tuesday [3-26-19], Mr. […]
3/22/2019
FEDERAL RESERVE/NOMINATIONS/TRUMP PEOPLE: “It is my pleasure to announce that @StephenMoore, a very respected Economist, will be nominated to serve on the Fed Board. I have known Steve for a long time – and have no doubt he will be an outstanding choice!” –Donald Trump, Twitter.com, March 22, 2019 11:47 am […]
3/20/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “The Federal Reserve sent a clear signal Wednesday [3-20-19] that it’s unlikely to raise interest rates at all this year, a striking change from December when central bank officials judged that two more hikes might be necessary in 2019. That message is certain to please President Donald Trump, who last year […]
3/5/2019
CONGRESS/FEDERAL RESERVE/TRUMP AS PRESIDENT: “The Federal Reserve may soon tighten restrictions on foreign banks to prevent them from relying too much on the U.S. central bank in a crisis, a move that’s likely to face pushback from the industry, Republicans in Congress and other countries. The Fed, under leaders appointed by President Barack Obama, ramped […]
2/4/2019
FEDERAL RESERVE/STEVE MNUCHIN/TREASURY/TRUMP AS PRESIDENT: “Federal Reserve Chairman Jerome Powell sat down with President Donald Trump on Monday [2-4-19]. That marked their first meeting since the president nominated Powell to the post and follows months of strong criticism from Trump about his nominee and the Fed. The central bank said in a statement it was […]
2/4/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Donald Trump met with Federal Reserve Chairman Jerome Powell Monday evening for an informal dinner at the White House residence to discuss the health of the US economy, according to a statement from Federal Reserve. The dinner, which had not been on the President’s public schedule, comes weeks after […]
2/4/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Federal Reserve Chairman Jerome Powell met for dinner with President Donald Trump on Monday [2-4-19] evening, the first time the two men have spoken since Powell was sworn in as the central bank’s chief last February. Powell, who has been the target of months of criticism from the president over […]
2/4/2019
ECONOMY/FEDERAL RESERVE/STEVE MNUCHIN/TREASURY/TRUMP AS PRESIDENT: “President Trump met Monday [2-4-19] evening with the Federal Reserve chairman, Jerome H. Powell, whom the president has repeatedly criticized as jeopardizing economic growth by raising interest rates. It was the first meeting between the two men since Mr. Powell became the Fed’s chairman last year. The Fed said in […]
1/2/2019
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “U.S. President Donald Trump on Wednesday [1-2-19] played down the stock market’s drop at the end of 2018, calling it a ‘glitch’ and saying the market will again go up once various trade deals are settled. Trump, who has repeatedly posted messages on Twitter extolling stock market gains, said the Federal […]
12/24/2018
ECONOMY/FEDERAL RESERVE/GOLF/TRUMP AS PRESIDENT: “The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!” […]
12/21/2018
ECONOMY/FEDERAL RESERVE/JAMES MATTIS/SYRIA/TRUMP AS PRESIDENT: “It’s been a wild ride in Washington, D.C., this week and the turmoil has roiled stocks. The Federal Reserve increased a benchmark interest rate again, upsetting investors who fear that higher borrowing costs will crimp corporate growth. Defense Secretary Jim Mattis resigned after President Trump unexpectedly announced the pullout of […]
12/19/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “The Federal Reserve raised its main borrowing rate on Wednesday [12-19-18] for the fourth time this year, ignoring repeated calls from President Donald Trump to hold off on further interest rate hikes. Though the move is sure to frustrate the president, it comes as the central bank continues to underscore the […]
12/18/2018
CHINA/ECOMONY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump on Tuesday [12-18-18] warned that the Federal Reserve would be making a ‘mistake’ if it moves to hike interest rates when the Federal Open Market Committee meets on Wednesday [12-19-18], weighing in once again on an issue that presidents have typically kept at arm’s length…Trump has railed against […]
12/17/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump exerted more pressure on the Federal Reserve on Monday [12-17-18], saying it’s ‘incredible’ that the Fed would consider another interest rate hike given the current economic and political situation…Trump has continually pestered the Fed to hold off on rate hikes, breaking from past presidents who sought to maintain […]
12/6/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “What if President Trump’s gut turns out to have been right and the Federal Reserve’s interest rate increases are holding back the United States economy? There’s little evidence that the Fed’s rate increases are leading to slower economic growth. But there have been times in the past when higher borrowing costs […]
12/4/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump has been lashing out at the Federal Reserve for months, pressing the central bank to halt its campaign of interest rate hikes. He could soon get his way. The Fed has been steadily increasing rates over the past couple of years on the belief that the economic recovery […]
11/25/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “So great that oil prices are falling (thank you President T). Add that, which is like a big Tax Cut, to our other good Economic news. Inflation down (are you listening Fed)!” -Donald Trump, Twitter.com, November 25, 2018 8:46 am […]
11/21/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “Another brutal day on Wall Street and President Trump once again decided to blame Fed Chair Jay Powell rather than face the reality that the U.S. economy is likely to slow down next year as the tax cut stimulus fades, a trade war with China looms and the deficit spikes higher […]
11/15/2018
ECONOMY/ELECTION/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump, already in a grumpy post-midterm mood, faces a growing list of economic problems that could irritate him even more next year. Chief among them is a withdrawal from the economy’s sugar high. Fiscal stimulus from the GOP tax cuts is likely to start running out. The Federal Reserve […]
10/30/2018
DEMS/ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump is setting up a simple strategy if markets and the economy cool over the next two years: Blame Democrats and the Fed. In recent days, Trump and his senior advisers have repeatedly argued that recent turbulence in the stock market reflects investor fear that Democrats will retake the […]
10/30/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “’If the Fed backs off and starts talking a little more Dovish, I think we’re going to be right back to our 2,800 to 2,900 target range that we’ve had for the S&P 500.’ Scott Wren, Wells Fargo.” –Donald Trump, Twitter.com, October 30, 2018 7:53 am […]
10/23/2018
ECONOMY/ELECTION/FEDERAL RESERVE/TRUMP AS PRESIDENT: “For the third week in a row, President Donald Trump is criticizing Jerome Powell, the man he picked to lead the Federal Reserve. In an interview Tuesday [10-23-18] with The Wall Street Journal, Trump said that Powell raises interest rates ‘every time we do something great.’ The Fed chair ‘almost looks […]
10/23/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump delivered some of his most pointed attacks yet on Federal Reserve Chairman Jerome Powell on Tuesday [10-23-18], calling the central bank the ‘biggest risk’ to the U.S. economy. In an Oval Office interview with The Wall Street Journal, Trump said Powell ‘almost looks like he’s happy raising interest […]
10/23/2018
FEDERAL RESERVE/GOP/SENATE/TRUMP PEOPLE: “President Trump’s decision to nominate Nellie Liang, a seasoned financial regulator, to the Federal Reserve’s board of governors is eliciting a rare show of public opposition from some Senate Republicans, who want the Fed to loosen its grip on large banks. Those Republicans, including members of the Senate Banking Committee, have continued […]
10/16/2018
FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Stepping up his attacks on the Federal Reserve, President Donald Trump declared Tuesday [10-16-18] that the Fed is ‘my biggest threat’ because he thinks it’s raising interest rates too quickly. Trump said he doesn’t speak with Chairman Jerome Powell because of the Fed’s political independence but said. ‘I’m not happy […]
10/12/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “I wrote at some length here on President Trump’s extraordinary attacks on Fed Chair Jay Powell. One thing I learned in the course of reporting: Both NEC Director Larry Kudlow and Treasury Secretary Steven Mnuchin spoke privately to Trump about the market decline, which continued with a big drop Thursday, […]
10/12/2018
FEDERAL RESERVE/STEVE MNUCHIN/TREASURY/TRUMP AS PRESIDENT: “Treasury Secretary Steven Mnuchin said Friday [10-12-18] that President Donald Trump respects the independence of the Federal Reserve and the president’s recent comments were simply a reflection of the fact that he favors low interest rates…Mnuchin, who praised Fed Chairman Jerome Powell, said the president understands that the Fed is […]
10/11/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump praised Jerome Powell as ‘strong, committed and smart’ last year when he nominated the former banker to lead the Federal Reserve. Now, the president apparently thinks Powell is a dangerous lunatic. In an extraordinary series of attacks this week, Trump called the Fed ‘crazy,’ ‘loco’ and said it’s […]
10/11/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “U.S. President Donald Trump said on Thursday [10-11-18] he is not going to fire Federal Reserve Chairman Jay Powell, but is just disappointed in the Fed’s policies. Trump continued a series of attacks on the central bank during remarks at the White House, saying the Fed was out of control and […]
10/11/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump responded to falling stock prices on Thursday [10-11-18] by continuing to throw rocks at the Federal Reserve, which he has described as ‘crazy,’ ‘loco,’ ‘going wild’ and ‘out of control’ for slowly raising interest rates against the backdrop of a booming economy. No other modern president has publicly attacked […]
10/11/2018
ECONOMY/FEDERAL RESERIVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday [10-11-18], calling its interest rate increases a ‘ridiculous’ policy that was making it more expensive for his administration to finance its escalating deficits…It was his second broadside against the U.S. central bank in the […]
10/10/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump sharpened his criticism of the Federal Reserve on Wednesday [10-10-18] after the stock market tanked, saying the central bank has ‘gone crazy,’ in what could be a preview of heightened attacks if the economy slows. Trump made the comment in response to a question about the more than […]
10/10/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “U.S. President Donald Trump said that Wednesday’s [10-9-18] stock market sell-off was in fact a long-awaited ‘correction,’ and that the Federal Reserve, which has been raising U.S. interest rates, had gone ‘crazy.’ Trump’s use of the word correction to describe the sell-off could be significant. A stock market correction is defined […]
10/10/2018
CHINA/FEDERAL RESERVE/STEVE MNUCHIN/TRADE WAR/TREASURY/ TRUMP AS PRESIDENT: “Treasury Secretary Steven Mnuchin isn’t buying the argument that the Federal Reserve triggered Wednesday’s [10-10-18] steep fall in US stocks…After US stocks suffered their worst sell-off in eight months on Wednesday, President Donald Trump blasted the Fed as ‘crazy’ for continuing to raise interest rates this year…Under Chairman […]
9/26/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump on Wednesday [9-26-18] said he was not happy about the Federal Reserve’s decision earlier in the day to raise its benchmark interest rate, but added the increase was a result of a strong economy. ‘We’re doing great as a country. Unfortunately they just raised interest rates because we […]
9/26/2018
CHINA/ECONOMY/FEDERAL RESERVE/NAFTA/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “The Federal Reserve is poised to raise interest rates Wednesday [9-26-18] for the third time this year as the economy powers ahead, but beyond that the central bank’s outlook has been thrown into confusion by President Donald Trump’s trade battles. For months, top Fed officials such as Chairman Jerome Powell […]
9/19/2018
FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Trump nominated Nellie Liang, a longtime Federal Reserve staff member who is an expert on financial regulation, on Wednesday [9-19-18] to join the Fed’s board of governors. Ms. Liang, 60, played a key role in the Fed’s efforts to tighten oversight of the financial system after the 2008 crisis, […]
8/30/2018
ECONOMY/FEDERAL RESERVE/TRADE DEALS/TRUMP AS PRESIDENT: “U.S. President Donald Trump said he respected Federal Reserve Chairman Jerome Powell even though the central bank was not helping him out in trade disputes, Bloomberg News reported on Thursday [8-30-18]…Trump nominated Powell as Fed chairman late last year, and he took over from Janet Yellen in February. The president […]
8/20/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump on Monday [8-20-18] said he would criticize the Federal Reserve if it continues to raise interest rates, setting up a potential clash next month when the central bank is expected to do just that…Powell was nominated by Trump in November and took the helm of the central bank […]
8/20/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump complained to wealthy donors at a fund-raiser in the Hamptons last week that the man he chose as chairman of the Federal Reserve, Jerome H. Powell, has disappointed him by raising interest rates, according to people who attended the event. In the midst of a long riff on the […]
7/20/2018
CHINA/ECONOMY/EU/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump accused China and the European Union of manipulating their currencies and continued to criticize the Federal Reserve for raising interest rates, saying those moves are putting the United States at a disadvantage. In a flurry of early-morning Twitter posts, Mr. Trump complained that the Fed’s rate increases and a […]
7/20/2018
CHINA/ECONOMY/EU/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump escalated his criticism of the Federal Reserve Friday [7-20-18], saying in a tweet that its efforts to raise short-term interest rates hurt the U.S. economic expansion, and he accused China and the European Union of manipulating their currencies to hurt the U.S. on trade. The tweets came shortly […]
7/20/2018
FEDERAL RESERVE/TRADE DEALS/TRUMP AS PRESIDENT: “….The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are raising rates – Really?” […]
7/19/2018
ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “Breaking with tradition to avoid criticizing the Fed, Trump told CNBC he’s worried that the central bank’s policies will cancel out his efforts to speed up the economy…He also said that higher interest rates will strengthen the US dollar too much, putting the United States at a ‘disadvantage’ while central banks […]
7/10/2018
ECONOMY/FEDERAL RESERVE/GOP/TAXES/TRUMP AS PRESIDENT: “The tax cuts Republicans enacted in late 2017 will likely provide less of a boost to economic growth than many forecasters predict—and possibly none at all—economists at the Federal Reserve Bank of San Francisco said Monday [7-9-18]. That’s because the changes took effect at a time when the economy was already […]
6/29/2018
DEFICIT/FEDERAL RESERVE/TRUMP PEOPLE: “President Donald Trump’s top economic adviser said he hoped the Federal Reserve would raise interest rates ‘very slowly,’ breaking with a 25-year White House precedent of generally refraining from commenting on monetary policy. Lawrence Kudlow, the director of the National Economic Council, made the comments Friday [6-29-18] morning during an interview on […]
4/11/2018
FEDERAL RESERVE/TARIFFS/TAXES/TRADE DEALS/TRUMP AS PRESIDENT: “Federal Reserve Board policymakers raised concerns at their March meeting about the prospect of the United States heading into a global trade war, zeroing in on potential harm to American farmers such a clash would cause, according to minutes of the meeting released by the Fed on Wednesday [4-11-18]. The […]
3/9/2018
ECONOMY/FEDERAL RESERVE/JOBS/LABOR: “Strong hiring is drawing people into the U.S. labor market, a healthy mix that suggests the economy can run strong without overheating and forcing the Federal Reserve to curb growth with aggressive interest-rate increases. Nonfarm payrolls rose a seasonally adjusted 313,000 last month, the strongest monthly gain since July 2016, the Labor Department […]
3/1/2018
FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “President Donald Trump is likely to nominate Columbia University economist Richard Clarida to become vice chairman of the Federal Reserve Board, according to people familiar with the matter. Mr. Clarida is a Republican economist whom colleagues describe as more of a pragmatist than an ideologue. Such a temperament fits the mold […]
3/1/2018
ECONOMY/FEDERAL RESERVE: “Federal Reserve Chairman Jerome Powell returned to Capitol Hill on Thursday [3-1-18] for a second day of testimony, with investors eager for more on whether his bullish view of the U.S. economy might translate into a more aggressive approach to raising interest rates this year and beyond. Stocks and bonds sold off Tuesday […]
2/27/2018
FEDERAL RESERVE: “Jerome H. Powell, the new chairman of the Federal Reserve, painted an optimistic picture of the United States economy on Tuesday [2-27-18] and signaled that he will continue to bolster strong growth during testimony before Congress in his public debut as head of the central bank. Mr. Powell, in remarks to the House […]
2/23/2018
FEDERAL RESERVE: “Federal Reserve Chairman Jerome Powell’s first congressional testimony as the central bank’s new leader has been moved to Tuesday from Wednesday, a House panel announced Friday [2-23-18]. Mr. Powell is set to deliver his semiannual monetary policy testimony to the House Financial Services Committee Tuesday at 10 a.m. ET. The hearing had originally […]
2/8/2018
FEDERAL RESERVE/NOMINATIONS/RAND PAUL/TRUMP AS PRESIDENT: “Sen. Rand Paul (R-Ky.) said Thursday [2-8-18] he will vote against Marvin Goodfriend’s bid to become a member of the Federal Reserve board, a move that could sink the nomination on the Senate floor. Goodfriend was approved by the Senate Banking Committee in a 13-12 party line vote, indicating the […]