Trump slams Fed Chair Jerome Powell amid trade tensions

Trump slams Fed Chair Jerome Powell amid trade tensions


CHARLES: PRESIDENT TRUMP SLAMMING THE FEDERAL RESERVE AHEAD OF JEROME POWELL’S SPEECH AT THE FED’S ANNUAL JACKSON HOLE EVENT TWEETING OUR ECONOMY IS VERY STRONG DESPITE HORRENDOUS LACK OF VISION BY JAY POWELL AND THE FED BUT THE DEMOCRATS ARE TRYING TO WILL THE ECONOMY TO BE BAD FOR PURPOSES OF THE 2020 ELECTION. VERY SELFISH. OUR DOLLAR IS SO STRONG IT IS SADLY HURTING OTHER PARTS OF THE WORLD. THE FED RATE OVER A FAIRLY SHORT PERIOD OF TIME SHOULD BE REDUCED BY AT LEAST 100 BASIS POINTS, WITH PERHAPS SOME QUANTITATIVE EASING AS WELL. IF THAT HAPPENS, OUR ECONOMY WOULD BE EVEN BETTER AND THE WORLD ECONOMY WOULD BE GREATLY AND QUICKLY ENHANCED, GOOD FOR EVERYONE. ON THAT I WANT TO BRING IN NATIONAL TAXPAYER UNION NATIONAL VICE PRESIDENT, BRANDON ARNOLD. BRANDON, I THINK EVERYONE BELIEVES THE FED WILL CUT RATES ON FRIDAY. WHAT I’M CONCERNED ABOUT IS MESSAGING. THE LAST TIME FED GOT TOGETHER AND JAY POWELL CUT RATES HE WAS EMBARRASSED BY IT. HE WORKED VERY HARD TO SUGGEST, THAT WAS IT, ONE AND NO MORE. SO WHERE ARE WE NOW THIS TIME?>>I THINK YOU’RE RIGHT THERE PROBABLY WILL BE A RATE REDUCTION AND THE PROBLEM CHAIRMAN POWELL IS WE’RE HAVING IS PROBLEM IS CAUSED BY UNCERTAIN TRADE RELATIONSHIPS. HE IS BEING ASKED TO PAPER OVER VERY SERIOUS PROBLEMS THAT WILL ONLY BE ADDRESSED IN A FUNDAMENTAL WAY BY FIXING OUR TRADE RELATIONSHIPS ADROSS THE GLOBE. WHICH ONLY SO MUCH THAT OUR FED CAN DO. THERE IS ONLY SO MUCH BEING DONE IN OTHER COUNTRIES WITH THE CENTRAL BIGGS TAKING ACTION. AT THE END OF THE DAY THE BUCK STOPS HERE. WE NEED TO FIX OUR TRADE RELATIONSHIPS. CHARLES: MONEY IS FROM ALL OVER THE WORLD IS POURING INTO AMERICA, POURING INTO OUR TREASURYS. ONE OF THE REASONS WE HAVE THE INVERTED YIELD CURVE BUT KEEPING THE DOLLAR ROBUST. HOW CONCERNED SHOULD THE FED BE ABOUT THE ROLE OF THE U.S. DOLLAR WITH THE DIFFERENCES, MAJOR DIFFERENCES IN OUR ECONOMY, MOST OF THE ONES AROUND THE WORLD?>>A STRONG DOLLAR IS A DOUBLE-EDGED SWORD. IT HELPS CERTAIN FOLKS. HELPS PEOPLE IMPORTING A LOST GOODS CERTAINLY. IF YOU’RE EXPORTING IT HURTS YOUR BUSINESS. MAKES IT MORE DIFFICULT TO ACCESS FOREIGN MARKETS. THAT SHOULDN’T BE THE PRIMARY CONCERN ABOUT POLICYMAKERS. WHAT POLICYMAKERS SHOULD BE CONCERNED ABOUT, LEVEL PLAYING FIELD, COMPETING ACROSS THE GLOBE. RIGHT NOW WE HAVE ARM TIED BEHIND OUR BACK BECAUSE WE HAVE UNCERTAIN TRADING RELATIONSHIPS. WE DO NOT HAVE A DEAL WITH CHINA. WE NEED TO LOCK IN AN ARRANGEMENT WITH CHINA. THAT WILL NOT ONLY STABLIZE THE UNITED STATES COP ECONOMY BUT GLOBAL ECONOMIES AROUND THE WORLD. CHARLES: THE FED TALKED A LITTLE BIT ABOUT INFLATION THIS YEAR. PRICES PAID CONTINUING, I’M SAYING THEY’RE IN A DEFLATIONARY DEATH SPIRAL. I’M NOT SURE HOW THAT HAPPENED, WHEN THOSE KIND OF COSTS I WAS TOLD WERE GOING UP WITH THE TRADE WAR. NEVERTHELESS, HOW IMPORTANT IS IT THAT THE FED GET AHEAD OF THE DRIFTING INFLATION SITUATION? ADMITTEDLY IF IT BECOMES DEFLATION IT WILL BE MORE DIFFICULT TO ARREST IT.>>PRICES FALLING IN CATEGORIES NOT TARIFFED. PRODUCTS THAT FACED TARIFFS INCREASED IN PRICE. WE HAVE MULTIPLE THINGS HAPPENING UNDER THE SURFACE HERE. SHOULD THAT BE BIG CONCERN OF THE FED? YES. THAT IS ONE THING THEY CAN DO THERE. I’M SORRY, THE FUNDAMENTAL PROBLEM, I’M SORRY FOR BEATING A DEAD HORSE, THE FUNDAMENTAL PROBLEM IS OUR TRADING RELATIONSHIPS. THAT NEEDS TO BE ADDRESSED THAT WILL TAKE CARE OF ISSUES THE FED IS BEING CONFRONTED WITH. CHARLES: THE FED BETTER FIGURE IT OUT BECAUSE I DON’T THINK THE TRADING THING WILL BE RESOLVED ANYTIME QUICKLY. I THINK WE WILL GET SOME SMALL, MARGINAL BITE-SIZED VICTORIES IF YOU WILL THAT WILL APPEASE THE STOCK MARKET BUT THE FED IS GOING TO HAVE TO FIND A WAY TO CRUNCH IN SOME OF THIS DATA, WE’RE SO MUCH DIFFERENT THAN THE

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77 Comments

  1. A TRUE LEADER HAS THE CONFIDENCE TO STAND ALONE
    AND THE COURAGE TO MAKE TOUGH DECISIONS
    THE COMPASSION TO LISTEN TO THE NEEDS OF OTHERS
    HE DOES NOT SET OUT TO BE A LEADER
    BUT BECOMES ONE BY THE EQUALITY OF HIS ACTIONS
    AND THE INTEGRITY OF HIS INTENT.
    THIS IS AMERICA'S CHOSEN PRESIDENT DONALD J. TRUMP !

  2. I trust our President to do what's necessary for America. Problem is, half the World is trying to ruin our economy to sink the progress..

  3. Trump and Princess Ivanka have gotten over 100 trademarks, patents and other business favors from China since January, 2017, and none of his supporters are too STUPID to understand what that means

  4. Yea low interest rates. Lets rob people of making any money on their savings. Not to mention make 10 year bonds worthless. You end up owing people to take your money…

  5. Obama used quantitative easing to help stimulate the economy. None of us want a recession, except for the rich elite leftists. I think quantitative easing will remedy the economy if not slow the recession that has been long overdue. Lowering rates will Guarantee the stability of the markets. Trump is looking out for the average joe. He has my vote for 2020

  6. America needs the rate reduction. Home prices will go up. More equity is good for homeowners when they sell. Home prices have sunk in Seattle, a rate reduction will help pull people from being upside down on their mortgages

  7. Hey, MAGAfilth?

    Little Donny Fail-Fail is NOT playing Chess. He's playing Checkers – with several pieces missing.

  8. Recession? Now we know that Little Donny Fail-Fail has run President Obama's good economy into the ground.

    Everything that Traitor Trump touches fails.

  9. FUNDAMENTAL PROBLEM IS FED WANTS TO CHINA WIN THE WAR OF LEADERSHIP OF THE WORLD ..UN-AMERICAN PEOPLE ARE RUNNING THE FED OR JUST INCOMPETENT OR BOTH OF THEM

  10. So President Trump chose a Fed Chair that had no vision? Maybe he should have asked him what his vision was for the economy before he chose him from the list of People the Fed gave him.

  11. Yeah….the Feds are always waiting for something! Just another lame excuse to not help President Trump boost the prosperity we are having today.

  12. "Fix" our trade relationships? Does he mean giving China whatever they like just to get a deal? Really fixing anything means China must stop the economic abuse. This dude just wants "stability" at the cost of the US.

  13. Tell miss president Trump I mean him to stop lying in those people in the white house can't helping him you was wanting to play my game so you should had paid me in the people so how's it fills I been put down so I stayed down till I seen you kept the money for your self in you did a few stuff that I wouldn't do you see Mr Donkey Trump I am more true than you I made a promise to all I will concede it to the end till I reveal that is broking I will be done with you Trump in who ever come next just remember I am still alive you all what that chair so bad it makes you shiver you all don't see but the people out here does i already told you all when I was born some of you all know me so Trump you want to play I been doing this game since I was born in now

  14. The trading disappeared won’t be fixed overnight and they been over six months so I just got a pull his head out of his butt it time to shut down the Fed

  15. Strange during Obama he thought he kept interest rates to low and always questioned the jobs numbers and the unemployment numbers

  16. One Reason the United States Maybe be Doing Well Instead of Europe Could be the Billions of $ is Not Going to Europe for Global Warming. What do you think

  17. President Trump is absolutely right—the Fed must cut the rates and cut them significantly to keep America competitive.

  18. As a moderate, I am disappointed in the POTUS' performance. Constant fighting with the people HE appointed, bickering with the media, and other patterns of juvenile behavior are not worthy of the Office. Even though the economy is ok, he is NOT a good President.

    Now, that being said, I strongly dislike the Dems too – with the exception of Andrew Yang. If he's not their nominee, I'm NOT voting in 2020.

    God Bless 🇺🇸🗽✌️

  19. Msm echo chamber all on board talking about our economy being on the verge of a recession is their attempt to manufacture one. They would try to instigate a recession just to hinder Trumps reelection…warped, disgusting and pathetic Dems.
    Vote Trump 2020!

  20. Democratic’s wasted enough money on phoney witch-hunts and still spending! Feds and democratic’s are just one big swamp! Without Trump there, they can make million dollars careers and a Pension to boot!

  21. So it was Trump’s nominee, but now he is the enemy of the economy? It was Trump who inherited a bad economy but made it great, and know it is Trump who inherited a bad economy and will make it great – if only the Deep State doesn’t stop him? Ever feel like your being played? Because you are.

  22. The FED shouldn’t have had perpetually (and artificially) low rates for so long. The purpose of a central bank is raise rates during food times to have a windfall during busy times. Then there is the trade war which is essential to our future. Rock and hard place

  23. Trump just ran 60 plus billion dollars of tariff collections thru the federal reserve. up to 75 billion at 2019 end. I'm thinking Trump will get his 100 points. God bless

  24. Artificially low interest rates are a prodigious indication of economic recession observe the 2007-2008 subprime financial recession for example and recession towards the extent of the Great Depression (1929 – 1939)

  25. 2:29 The United States Economy is already Stabilized. President Trump is trying to clean up the Gong Show that was mostly created by the democrat leaders who were Busy lining their pockets at the expense of the American people.

  26. The fact that Charles doesn’t call out Trump for the absolutely ludicrous idea of aggressive rate cuts and the immediate return to quantitative easing is not surprising

  27. Trump is actually right. Obama relied almost entirely on monetary policy with no fiscal. Trump sees both sides and understands economics based on what real businesses need – not just theory.

  28. What a theater. Jerome does exacly what Donald wants. All Donald needs are promises (trade deal, rate cuts). He can promise 1000x but he can do only once. He is just very good hope dealer, but loosing his credibility. If things goes wrong he just say "Powell fail, China manipulation, not me" but he is the biggest manipulator here, manipulating market like no one before for his personal profit.

  29. Didnt trump put that fed guy in his position? At some point trump needs to take responsibility for his own stupid personnel decisions.

  30. Republicans got us into the last Great Recession during the Bush years and now the Republicans are repeating the same stupid mistakes. Doesn't this country ever learn ?

  31. Good for everyone? Mr. President, you have apparently forgotten that many millions of Americans rely on being able to earn a reasonable rate of interest on the money they WORKED very hard to earn and then saved over a period of MANY years. It is the financial "sector" that has gone rogue / is so poorly managed and increasingly ineffective.

  32. It's not fair to blame the disaster that is China realations. They have been killing us for years. so that is not the solution to sign any old deal with China. We have to hold out for the right trade deal for the US.

  33. Jay Powell was appointed by Trump. Did Trump make a mistake? No, Trump never makes mistakes. Is the trade war slowing down our economy? Most economists and analysts say yes. 2nd quarter 2019 GDP growth was 2.5% after 2.9% in 1st quarter. Last year GDP grew at an annual rate of 2.9% after the 2nd quarter of 2018 was revised from 4.2% to 3.5% by the Commerce Department. The effect of the tax cuts are fizzling out and the deficit looks like it will hit 1 trillion dollars this fiscal year. In the meantime, stock buybacks by corporations are expected to grow to 1 trillion dollars. Companies are not using most of the tax cuts to fund economic growth, job growth, and increased wages (which have grown by only 1.2% this past year when adjusted for inflation). They already had plenty of cash on their balance sheets before the tax cuts. If they werent investing it then, what made anyone think they would invest it now. They are refunding excess cash back to stockholders. Guess who gets most of that cash? The 10% of americans that own over 80% of all stock, and the 20% of americans that own over 90% of all stock. Dont blame the Fed for the slowdown they now have to deal with. Blame the President and the Republicans in the Senate (Mitch McConnell is the poster boy) for blocking legislation that could actually create economic growth. All They have done is increase income and wealth inequality by their tax policy.

  34. The interviewee needs to know there likely will be no trade deal because China wants to continue forcing US companies to give up their intellectual property but the administration wants it to stop. I agree it needs to stop.

    Therefore is no win-win. It’s probably over and trade with China will slow big time and the fed needs to ease that change.

    Don’t cave to China!

  35. Trump APPOINTS Powell. Powell makes a decision. Democrats are responsible… How in the hell does that logic even make sense? Doesn’t Trump only hire the best people?

  36. Finally time for the Crazyman to "weigh in". The Crazyman is sick and tired of listening to "Trump the Tariff Man" argue that the only effects of his tariffs and proposed tariffs are positive (and great for creating the certainty that businesses say they need), while bashing the Fed for acting as if it is data-dependent and reacting, with plenty of time to do so, instead of causing problems. Trump's argument is a boring and "one side of ledger" argument to anyone exposed to Economics in the actual world (whatever that is these days) or even perhaps Level 200+ Economics classes. If you ask the Crazyman (nobody does directly), he would say that Trump's schoolyard scapegoating tactics are obvious and make Trump himself LOOK stupid, even if he really is a stable genius.

  37. FOR ALL OF YOU WHO HAVE BEEN ATTACKING FOX NEWS FOR SHUTTING DOWN ITS COMMENTARY SECTION ON MOST OF ITS VIDEOS PLEASE READ ON:
    WHY ARE YOU ALLOWING THE ENEMIES OF THIS NATION DIVIDE YOU FROM YOUR ALLIES SO EASILY??? CAN'T YOU FIGURE OUT YET THAT FOX HAS BEEN DEALING WITH A HACKER???? IF YOU ARE SO COMPLIANT AND QUICKLY TURNED AGAINST OUR BEST PEOPLE ON THE FRONT LINES THEN STOP PRETENDING YOU HAVE ANY WORTH IN FIGHTING THIS BATTLE. YOU ARE TOO MUCH A LIABILITY TO BE TRUSTED.

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