Trump Slams Fed as Concerned Strategist Urges Powell: “Don’t Jump Into The Liquidity Trap”

Posted on March 2, 2020 8:57 am
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President Trump repeated his same message, demanding action from Jay Powell and The Fed:

“As usual, Jay Powell and the Federal Reserve are slow to act. Germany and others are pumping money into their economies. Other Central Banks are much more aggressive. The U.S. should have, for all of the right reasons, the lowest Rate. We don’t, putting us at a competitive disadvantage. We should be leading, not following!”

But, Mizhuho rates strategist, Peter Chatwell, is concerned that The Fed will ‘deliver’ what Trump and the market is demanding, sending it even deeper into a