Sniping at his own choice for the Federal Reserve is bad for the president and the central bank
Another day, another tweet from Donald Trump telling the US Federal Reserve how to do its job. “I hope the people over at the Fed will read today’s Wall Street Journal editorial before they make yet another mistake,” he wrote on the eve of a high-profile decision on interest rates.
He then advised the supposedly independent central bank to “feel the market, don’t just go by meaningless numbers”. In other words, look at the falling stock market as well as the economic data. For good measure, Trump wanted a rethink on the “50 B’s”, by which he meant $50bn-a-month unwinding on quantitative easing.
Continue reading...from US news | The Guardian https://ift.tt/2A7UxQB
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