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NewsBreak: Trump Tweets That Fed Failed Again

PoliticsSep 18, 2019 02:48PM ET
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© Reuters.

Investing.com - President Donald Trump tweeted that the Federal Reserve and Fed chief Jerome Powell had “no guts” and had failed again after cutting interest rates by just a quarter point. Trump has called for rates to go to zero.

  • “Jay Powell and the Federal Reserve Fail Again. No 'guts,' no sense, no vision! A terrible communicator!" Trump tweeted.
  • NewsBreak: Trump Tweets That Fed Failed Again
     

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    Comments
    AMY gupta
    Rambo1 Sep 19, 2019 12:28AM ET
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    He does not have Phd
    AMY gupta
    Rambo1 Sep 19, 2019 12:27AM ET
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    Powell is a investor, he make millions. He will not give any *******to anyone.
    Ng Long
    Ng Long Sep 18, 2019 10:34PM ET
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    Crazy everything just went up just like that, your bread, your apples, your oranges, your car, the service for your car all went up just because interest rates went down and they said inflation is not an issue at this time. LMAO
    Glass Man
    Glass Man Sep 18, 2019 7:04PM ET
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    How can read his thoughts? He has "no understanding of economics". Could it be that he is always persuading the direction he wants the market to go. Saying he wants 0 percent rates is more powerful persuasion than saying he wants 1.75. Similiar to his sales people start with a high price and negotiating down. Switzerland has negative rates and their economy is excellent. Looks like you need the economics lesson.
    Sans Sangkavasi
    Sans Sangkavasi Sep 18, 2019 5:49PM ET
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    Trump is looking at global competition. Just like china control its own currency vlaue
    Adrian White
    Adrian White Sep 18, 2019 5:15PM ET
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    Trump has no understanding of economics and doesn't care about the outcome beyond trying to inflate the financial markets so that he can brag again. The Fed's decision has absolutely nothing to do with "no guts". Trump likes to brag that the economy is fantastic and employment rates are at historical highs. But zero % interest rates are for when the economy is in trouble. Somebody give him an economics lesson.
    travis solina
    travis solina Sep 18, 2019 5:15PM ET
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    very true. hes only looking out for himself and its at all of our expense. How can this economy being doing "best ever" and talk of massive rate cuts at the same time!?
    Glass Man
    Glass Man Sep 18, 2019 5:15PM ET
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    Interest rates and the economic are not directly correlated. The rest of the world is cutting rates and so are we to keep our advantage.
    The Tech Guy
    The Tech Guy Sep 18, 2019 4:10PM ET
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    just like the 2008 recession but now they're taking it slowly https://money.cnn.com/2008/01/22/news/economy/fed_rates/index.htm
    Brian Jones
    Brian Jones Sep 18, 2019 4:07PM ET
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    We have seen this movie before. What happened the last time the Fed, under Greenspan, lowered rates and kept them low for too long? We ended up in the 2008 financial crisis.
    Pwr Strk
    Pwr Strk Sep 18, 2019 4:07PM ET
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    that is completely incorrect
    Erski Gumby
    SB20 Sep 18, 2019 4:07PM ET
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    Watcha talkin about Brian? LOL
    D D
    D D Sep 18, 2019 3:53PM ET
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    A bullish move for someone who wants be reelected, but run it to zero. Perhaps zero will prolong entry into the next economic recession by managing the economy, opposed to managing consumer expectations.
    Abhishek Khanna
    Abhishek Khanna Sep 18, 2019 3:50PM ET
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    Trump is making you go crazy
    Aaron Last Name
    Aaron Last Name Sep 18, 2019 3:40PM ET
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    I agree with no guts. we need 0%
    Silverbug 19
    Silverbug 19 Sep 18, 2019 3:32PM ET
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    The Fed ought to be abolished. They have managed the USD down to 1488th/1 oz of Gold.
    Graham Hart
    Graham Hart Sep 18, 2019 3:21PM ET
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    we should be raising rates if the economy is doing so well..
    Tumelo Mash
    Tumelo Mash Sep 18, 2019 3:21PM ET
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    If they do that.. It's gonna be harder for the bank to pay off their balance sheet and debt.. Which will cause a bigger depression of 1929
    Pwr Strk
    Pwr Strk Sep 18, 2019 3:21PM ET
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    define well
    Erski Gumby
    SB20 Sep 18, 2019 3:21PM ET
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    Pwr Strkwell noun ˈwel Definition of well (Entry 1 of 5) 1a : an issue of water from the earth : a pool fed by a spring b : SOURCE, ORIGIN 2a : a pit or hole sunk into the earth to reach a supply of water b : a shaft or hole sunk to obtain oil, brine, or gas 3a : an enclosure in the middle of a ship's hold to protect from damage and facilitate the inspection of the pumps b : a compartment in the hold of a fishing boat in which fish are kept alive 4 : an open space extending vertically through floors of a structure 5a : a space having a construction or shape suggesting a well for water b : the area behind a bar in which items used most frequently by a bartender are kept 6a : something resembling a well in being damp, cool, deep, or dark b : a deep vertical hole c : a source from which something may be drawn as needed 7 : a pronounced minimum of a variable in physics a potential well well verb welled; welling; wells Definition of well (Entry 2 of 5) intransitive verb 1 : to rise
    Erski Gumby
    SB20 Sep 18, 2019 3:21PM ET
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    Pwr StrkThere’s more. But I think it might be easier for you to google it yourself.
    Graham Hart
    Graham Hart Sep 18, 2019 3:21PM ET
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    Tumelo Mash I understand but we've been told that the economy is rock solid, "great", the "best" it's ever been.  5% interest rates were previously considered artificially low rates in 2007.  The stock market is now twice the size of the previous big bubble.. The Fed should hold or increase.. If the market corrects, GREAT!  Let's bring it down to reality for a healthy correction.
    David Wilder
    David Wilder Sep 18, 2019 3:18PM ET
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    In a global race of "relative currency devaluation", if an individual country maintains "higher relative rates" this action serves to "attract capital and foreign investment". We can only HOPE that the Fed will independent of Trump's Bully pulpit and keep short term interest rates "relatively high". And I remember when 4-6% was considered "artificially low rates"...
    Silverbug 19
    Silverbug 19 Sep 18, 2019 3:18PM ET
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    Great job the FED has managed the USD down to 1488th/1 oz of Gold. Please!
    Tumisang Pherana
    Tumisang Pherana Sep 18, 2019 3:10PM ET
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    What would the global economy be without his tweets? It help to listen to economic advisors, something President choose not to do. Great decision-making from the Fed!
    Erski Gumby
    SB20 Sep 18, 2019 3:10PM ET
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    Dont tou think the US economy is doing just fine with Trump?
    Ivan Prutsko
    Ivan Prutsko Sep 18, 2019 3:05PM ET
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    LOL mr.President struggle to REFI his properties
    Curtis Eccles
    Curtis Eccles Sep 18, 2019 3:02PM ET
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    Powel wants to take the cuts slow and Trump wants to speed it up. With Europe and Asia beginning to see sliw downs in their economys maybe Powel should speed up the reductions a bit. But either way in the long run we will be at zero probably after the election.
    Eric Hay
    Eric Hay Sep 18, 2019 3:01PM ET
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    The trade war exacerbated our economic problems for sure. But let's not pretend the economy was doing great beforehand.
    Erski Gumby
    SB20 Sep 18, 2019 3:01PM ET
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    What made you think the US ecocomy wasn’t doing great? Even Trump said the current economy is fine.
    Holly Sorensen
    Holly Sorensen Sep 18, 2019 3:00PM ET
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    trump is a travesty on this nation
    Hank Williams
    Hank Williams Sep 18, 2019 2:59PM ET
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    Since somebody apparently wants interest rate cuts to support the trade conflict, why wasn't this all laid out before the word trade was even mentioned. Seems somebody is only capable of seeing the small picture then throwing temper tantrums when they don't get their way. Interest rate issues should have been discussed long before a trade plan was brought out. Only sees the small picture. That's not what we need.
    DONGHUN LEE
    DONGHUN LEE Sep 18, 2019 2:52PM ET
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    Somebody dosen't have knowedge.
    Nicholas Blankenburg
    Nicholas Blankenburg Sep 18, 2019 2:41PM ET
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    he won't be happy until he gets negative interest rates while we enter the next recession.
    Hank Williams
    Hank Williams Sep 18, 2019 2:41PM ET
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    Which he will make sure it's after his re election. Then he won't care.
    Dunn Ng
    Dunn Ng Sep 18, 2019 2:41PM ET
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    Trump should ask them raise rate up to 50points yup Powell will cut it down to 50
    Bill Ha
    Bill Ha Sep 18, 2019 2:41PM ET
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    Agreed! The ultra conservative old goats should be fired.
    Kevin McCarthy
    Kevin McCarthy Sep 18, 2019 2:40PM ET
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    Trump needs to show his guts and do whatever he can to remove Powell before he does anymore damage.
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