Trump Attacks The Fed During Monday Defensive Strike

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Donald Trump has been doing his best to harass his Federal Reserve Chair Jay Powell into quitting. Yet, the chair has held firm. The reason that POTUS is down on Powell is that he wanted the chair to lower the interest rates. Why?

A lower interest rate would improve the economy, and the president knew that. Normally, people do not reduce the interest rate during a good economy. That did not keep Trump from demanding Powell do so. When Trump took office,  the economy was on a strong upswing.

Still, the Covid 19 virus has put a real wrench into the president’s primary campaign speech. Hopefully, when warm weather comes, the virus will become less of a threat. POTUS tweeted that the Germans “are much more aggressive:”

‘As usual, Jay Powell and the Federal Reserve are slow to act. Germany and others are pumping money into their economies. Other Central Banks are much more aggressive. The U.S. should have, for all of the right reasons, the lowest Rate. We don’t, putting us at a…..’

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The president came into office believing that all of the government belonged to him to do with as he wished. When people think of Trump in those terms, his erratic behavior became more understandable. He wanted to win even with this “competitive disadvantage:”

‘….competitive disadvantage. We should be leading, not following!’

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Twitter world went wild. Check out these favorites we found:

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