Is it a deliberate attempt to sink the market?
Federal Reserve hikes interest rates in defiance of Trump - and its chair tells president 'nothing will deter us' from more raises as share prices plunge after move
- The Federal Reserve announced its decision on rates after extraordinary public pressure from the president
- Hike of 0.25 per cent
- Benchmark rate at 2.5 per cent
- Said more rate increases were appropriate
- News wiped away morning 350 point gain in the Dow
- Powell said 'political considerations play no role whatsoever in our discussions'
- Said 'nothing will deter us from doing what we think is the right thing to do'
- Trump on Tuesday argued against a hike and urged the Fed to 'feel the market'
- He has also attacked Fed Chair Jerome Powell in interviews and on Twitter
- Decision comes amid a strong job market but some signs of economic cooling
- A volatile market has wiped out 2018's stock market gains
- The move impacts borrowing across the board
Yes.
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It's a deliberate attempt to sink the President.
ReplyDeleteOh I know, it’s all a conspiracy to sink Trump.
DeleteHe’s just trying to Make America Great Again!
You're absolutely right.
Deletetime for another fed reserve chairman
ReplyDeleteThis is a deliberate attempt to crash the economy. The Globalists hold over 50% of the world's wealth, and can manipulate the economy anytime they wish.
ReplyDelete