In his most vitriolic interview yet with regard the markets, Reuters reports that (to the establishment’s horror) that he was “not thrilled” with The Fed hiking rates imploring that Jay Powell should “do what’s good for the country,” (which is presumably keep rates low and extend all asset bubbles)…
…he believed the U.S. central bank should be more accommodating.
“I’m not thrilled with his raising of interest rates, no. I’m not thrilled,” Trump said in the interview.
“I should be given some help by The Fed.”
Additionally, Trump said that while he believes in Fed independence, he would continue to criticize The Fed if it continues to raise rates.
Trump also accused China and Europe of manipulating their respective currencies.
“When US puts tariffs on China, China artificially lowers the price of the yuan.”
“China is manipulating its currency, Europeans are manipulating the euro too…”
And finally Trump commented on the social media censorship occurring:
It is “very dangerous” when companies like Twitter and Facebook self-regulate content on their platforms.
Details to follow…
Additionally, as the headlines hit, The White House (not President Trump) tweeted the following…“My pledge to each and every one of you is that my Administration will not rest until you have the resources, the tools, and the authorities you need to do your job and do it properly and do it strong.”
.@realDonaldTrump: “My pledge to each and every one of you is that my Administration will not rest until you have the resources, the tools, and the authorities you need to do your job and do it properly and do it strong.” pic.twitter.com/EDMmxB5b7X
— The White House (@WhiteHouse) August 20, 2018
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