CD Media
Markets

Trump Bashes Fed’s Williams, Says US Economic Growth “No Thanks To Federal Reserve”, Sees “No Inflation”

The Federal Reserve Board 1914

In yet another unprecedented move from our iconoclastic president, President Trump bashed New York Fed President John Williams in a tweet on Friday morning, saying the Fed doesn’t deserve any credit for engineering what has become the longest period of economic expansion in US history.

Yesterday, Williams sent the S&P 500 back into the green after he appeared to suggest that the Fed would deliver the 50 bp rate cut that the market so desperately craves. But to the bulls’ chagrin, the NY Fed soon walked back Williams extremely dovish comments, saying Williams’ words didn’t reflect “potential policy actions” at the FOMC meeting later this month…

To read more visit Zero Hedge.

Related posts

What Virus? US Private Employment Strong… Services Beat

CD Media Staff

Biased Business Media Calls 145,000 New Jobs Last Month A ‘Disappointment’

CD Media Staff

Pandemic Pushes Russia’s Gold Reserves Above U.S. Dollars For First Ever Time

CD Media Staff

Leave a Comment