Trump itching to fire the fed

Discussion in 'Politics' started by Cuddles, Dec 22, 2018.

  1. Tsing Tao

    Tsing Tao

    Yeah, sure he didn't. He's beholden to Trump just like every other Fed Chairman was beholden to their masters.
     
    #71     Feb 5, 2019
  2. Cuddles

    Cuddles

    https://www.politico.com/story/2019/03/21/trump-fed-for-economy-growth-1288783

    Trump blames Powell's Fed for economy's failure to hit 4 percent growth

    President Donald Trump on Thursday fired a new broadside against the Federal Reserve under Chairman Jerome Powell, blaming the central bank for the economy's failure to exceed 4 percent economic growth last year.

    Trump’s attack signals that he has no plans to let up on the Fed despite its announcement Wednesday that it doesn’t expect to raise rates at all this year, given muted inflation and slowing global growth. The central bank also said that later this year it will stop shrinking its multitrillion-dollar bond holdings, a process dubbed “quantitative tightening” that can make it harder for borrowers to obtain credit.
     
    #72     Mar 21, 2019
  3. Cuddles

    Cuddles

     
    #73     Mar 22, 2019
  4. UsualName

    UsualName

    Powell has been a super-dove. Much more so than Yellen.
     
    #74     Mar 22, 2019
  5. Cuddles

    Cuddles

    https://www.cnn.com/2019/03/27/politics/stephen-moore-federal-taxes-lien/index.html?no-st=1553735215

    Trump's choice for Fed seat Stephen Moore owes $75,000 to IRS

    Washington (CNN)Stephen Moore, President Donald Trump's pick for a seat on the Federal Reserve Board, owes $75,000 in taxes and penalties to Uncle Sam.

    A circuit court filing in Maryland shows the US government won a judgment against Moore, a former Trump campaign adviser and now a distinguished fellow at the conservative Heritage Foundation, for a federal tax lien valued at $75,328.80. The January 2018 filing says it was for unpaid taxes, penalties, interest and other costs in 2014.
    Moore referred questions about the tax debt to his wife, Anne Carey, while noting the couple is owed roughly $30,000 from the Internal Revenue Service. CNN has reached to Carey for further details.
    Matthew Leas, a spokesman for the Internal Revenue Service, the country's federal tax collector, declined to comment specifying federal privacy and disclosure laws prohibit the agency from discussing any individual case. A White House spokesman could not be immediately reached for comment.
     
    #75     Mar 27, 2019
  6. Cuddles

    Cuddles

    https://www.marketwatch.com/story/t...ntitative-easing-after-jobs-report-2019-04-05

    Trump calls for Fed to adopt quantitative easing after jobs report

    "Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

    The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

    “Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.
     
    #76     Apr 5, 2019
  7. Tsing Tao

    Tsing Tao

    Another Flip flop from President Lawn Chair. Criticize the Fed mercilessly for blowing a bubble and keeping interest rates too low when you're running for President, do the exact opposite when you become President.
     
    #77     Apr 5, 2019
    Cuddles likes this.
  8. Cuddles

    Cuddles

    https://www.theguardian.com/us-news/2019/mar/30/trump-stephen-moore-federal-reserve-board

    Trump Fed pick was held in contempt for failing to pay ex-wife over $300,000
    Records obtained by Guardian show Stephen Moore reprimanded by judge for not paying alimony, child support and other debts
     
    #78     Apr 6, 2019
  9. Cuddles

    Cuddles

    upload_2019-4-10_23-40-17.png
     
    #79     Apr 10, 2019
  10. Cuddles

    Cuddles

    Who here believes she's good with numbers?

    https://www.washingtonpost.com/poli...302270-5d0d-11e9-9625-01d48d50ef75_story.html
    ‘She’s very good with numbers’: Trump says he considered his daughter Ivanka to lead the World Bank

    President Trump considered nominating his eldest daughter, Ivanka Trump, to be president of the World Bank in part because “she’s very good with numbers,” according to a new interview published Friday.

    Speaking to the Atlantic, Trump lavished praise on his daughter, a 37-year-old White House adviser, and suggested she would be suitable for other administration positions, including U.S. ambassador to the United Nations.

    “She’s a natural diplomat,” Trump said. “She would’ve been great at the United Nations, as an example.”

    Asked why he didn’t nominate her, Trump replied: “If I did, they’d say nepotism, when it would’ve had nothing to do with nepotism. But she would’ve been incredible.”

    Trump added: “I even thought of Ivanka for the World Bank. . . . She would’ve been great at that because she’s very good with numbers.”
     
    #80     Apr 12, 2019