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Federal Reserve Defies Trump And Says Coronavirus Poses Economic Risk
Federal Reserve Chairman Jerome Powell said that while economic fundamentals are still strong, the coronavirus poses an evolving economic risk.
Tagged Jerome Powell
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A Tanking Economy and Stock Market Losses May Be the End of Trump
The Trump economy is finally kicking in. After increasing steadily during the Obama years, the stock market declined substantially in 2018. Many economic experts say that this is a forecast of troubles ahead as 2019 might bring declining economic growth and possibly a recession. It may also bring the end of Donald Trump‘s reign as…
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More Chaos: Treasury Secretary May Be Next in Cabinet Fired By Trump
Treasury Secretary Steven Mnuchin made a bad stock market situation worse over the weekend, and now he may be the next Trump cabinet member to receive a tweet from the president saying “you’re fired.” As the stock markets have dropped precipitously in recent weeks, Trump has been looking for scapegoats. He would like to fire…
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Bloomberg: The Fed’s Interest Rate Hikes Cost Trump $5 Million a Year
Yesterday Bloomberg News revealed the real reason that Donald Trump wants to fire Jerome Powell , the chairman of the Federal Reserve. It’s not that the Fed’s interest rate increases are hurting the U.S. economy or causing stock market declines. It’s that they are costing Donald Trump money in his personal business. In other words,…
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More Chaos: Angry Trump Talking About Firing Fed Chairman
President Donald Trump is considering firing the chairman of the Federal Reserve because of his decision to raise interest rates, according to a new report from Bloomberg published shortly before midnight. Such a move by the president would create chaos, roil the stock markets and cause great uncertainty for investors around the globe. And, according…