Trump keeps up with the Powell bashing to start the new day

8 months ago 31

RoboForex - professional services on Forex market

US president Trump not letting up on his criticism of Fed chair Powell

"Jerome “Too Late” Powell has done it again!!! He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair. He is costing our Country TRILLIONS OF DOLLARS, in addition to one of the most incompetent, or corrupt, renovations of a building(s) in the history of construction! Put another way,“Too Late” is a TOTAL LOSER, and our Country is paying the price!"

The Fed was not as dovish/more hawkish yesterday with Powell's communique especially making it clear that they are not teeing up a rate cut for September. That has seen markets pull back on the pricing with Fed funds futures pointing to just ~37% odds of a rate cut at the next meeting. Clearly someone isn't happy with that.

ADVERTISEMENT - CONTINUE READING BELOW

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}