The president in no way controls the Fed. When the market increases of course interest rates will also increase. It's economics 101.
Duck,
My last post was sarcastic. But you aren't going to get a straight answer down here, almost everyone is republican or very very far right.
The trade wars are simply killing the market. There is a reason other presidents didn't do this....
We are talking Trump here. Of course the fed is independent but 2 months ago a December hike was all but imminent and it may very well happen but more likely in early 2019.
If you haven't heard Trump bitching about the recent rate hikes and slamming the fed for the move then you are ill informed. If they wait until 1Q 2019 he will take credit for it just like he will take credit for the reduction(s) in 2020
Fucking idiots think like this...lap dog suck it up from the media.
Moron. There is a reason the fed shouldn't raise rates 4 times in a 14 month period either jackass....funny how the housing market started dying within a couple of months of the 2nd rate hike...
Hmmm.....reminds me a lot of the last stock market crash when the economy was booming under Bush. Weird how that works...why didn't they raise the prime when Obama was in office?
Retard.
The economy is anything but fundamentally sound . The economy is a basket case, and one large bubble bursting .
Now the ECB joins the party of no moar QE https://www.bbc.com/news/business-46552147
We are a country of consumers, so of course our trade deficits are huge. Putting tarifs on the things we want is simply stupid in my opinion and almost all former presidents would agree...
Problem with Trump is he continues to think he see simple answers for complex problems. For a guy that would tweet weekly about how great the stock market was doing his first 18 months in office, sure has went quiet on that now...took only his 2nd year to have the market lower then where it started at the beginning..
Given the run up we've had over the last 2-3 years, a correction like this is healthy.
Of course he is, what has he done? Get rid of the Affordable Care Act(nope), built a wall(nope), higher stock market(nope). He got Paul Ryan's tax plan in and put in a few conservative judges, something any republican president would have done...
He talks a big game and the uneducated only care about tough talk.