Saturday, August 3, 2019

Trump gets even with Fed Chairman Powell

Evidently, Trump did not digest the “measly” 0.25% rate cut he got from Jerome Powell, the last day of July, and as soon as he could he was tweeting that Powell “let us down” by not clearly signaling more rate cuts.
So, as Donald woke up on Thursday, his creative genius thought of a great way to get back at Jerome Powell and, also with the rest of us, by announcing that the United States would impose a 10 percent tariff on an additional $300 billion worth of Chinese imports next month and crash the stock market.

I can’t explain our businessman-president's sudden shift of temper any other way. Better find a capable candidate to end this insanity after 2020!

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