Monday, August 05, 2019

TRUMP ADMINISTRATION - Attacking the Federal Reserve Chairman

"Why Trump attacked his Fed chair after 1st interest rate cut in years" PBS NewsHour 7/31/2019

My answer, Trump's tax cut disaster.

Excerpt

SUMMARY:  The Federal Reserve cut a key short-term interest rate for the first time in a decade, lowering the federal funds rate a quarter point.  It had raised that rate, which reflects what banks charge each other for loans, in December.  But the news didn't satisfy Wall Street, where stocks fell significantly -- or President Trump.  Judy Woodruff talks to the Brookings Institution's David Wessel.

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