“Feel The Market”: Trump Warns Fed With Fed Not To Make Mistake And Hike Rates
by Tyler Durden
ZeroHedge.com
Tue, 12/18/2018
As members of the FOMC gather at the Eccles building for the first day of the central bank’s December policy meeting, during which they’re widely expected to vote to raise the Fed funds rate for the fourth time this year, President Trump is once again urging the central bank to reconsider – this time urging Chairman Powell & Co. to read an editorial in Tuesday’s Wall Street Journal calling for a pause in rate hikes (which in turn followed a similar piece from Fed “hawks” Stanley Druckenmiller and Kevin Warsh).
The tweet followed a similar message from Monday where Trump pointed out the incongruity in the Fed raising interest rates while “the world is blowing up.”
On the heels of Monday’s brutal selloff, which sent stocks to their lowest levels since October 2017, Trump warned “don’t let the market become any more illiquid than it already is. Stop with the 50 B’s.
Instead of blindly hiking, the Fed needs to “Feel the market, don’t just go by meaningless numbers. Good luck!”
His reference to “50 Bs” initially sparked some confusion on twitter:
The Rest…HERE
