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Re: Federal Reserve guy is not nuts

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 10 Apr 20 7:47 PM | 21 view(s)
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Msg. 35466 of 54959
(This msg. is a reply to 35464 by Gsratio)

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Do you mean the midterms in 2018?

The economic data was softening and the Fed acted to avoid a recession. It's certainly not helpful to the appearance of the Federal Reserve's independence that Trump tried to bully them. But they acted within their mandate. Fairly bog standard response.

The main issue at the midterms was the assault on people with existing conditions. Since then, Trump has said one thing and done another: he says he wants to protect the vulnerable but he attacks the system which protects them in the courts.

I doubt the economic bounce back will be immediate, but we'll see. This isn't a situation folks have seen in the last hundred years. 15-20% unemployment is a tough backdrop for an incumbent.


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The above is a reply to the following message:
Re: Federal Reserve guy is not nuts
By: Gsratio
in ALEA
Fri, 10 Apr 20 6:34 PM
Msg. 35464 of 54959

The Fed was on the path of raising interest rates
& trying to normalise their balance sheet.....the
stock market crashed in late 2018 ruining Trump's
chances of being reelected.

Trump intervened & the Fed went back to easing...the market then put in a new high.

Trump will win 2020.................he has Trillions
to hand out.


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