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Articles That Matter:

Trump Calls Federal Reserve Crazy
by Geoff GarbacZ

October 11, 2018

Yesterday President Trump first said that the Federal Reserve had gone crazy. Then he stated that the Federal Reserve Chairman Jay Powell was "loco".

Trump's Comments

After the last Federal Reserve meeting, in a speech Jay Powell noted that monetary policy was "a long way from neutral". As soon as I heard this comment, I knew it was a mistake. A big one.

Markets will calm down when Powell walks back this comment. What is he waiting for?

Articles That Matter Archives