President Trump early Tuesday called on the Federal Reserve to refrain from further hiking interest rates, citing a Wall Street Journal op-ed detailing why such a move would be harmful.
“I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!” he tweeted.
I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!
— Donald J. Trump (@realDonaldTrump) December 18, 2018
Trump was referring to a Journal op-ed published on Monday titled “Time for a Fed Pause,” which argued that Fed Chairman Jerome Powell should “ignore the politics, inside and outside the Fed, and follow the signals that suggest a prudent pause in raising rates.”- READ MORE