Like a Grinch at Christmas – Fed Chief Powell Is Destroying the US Economy and Middle Class – FIRE HIM NOW!
by Jim Hoft
TheGatewayPundit.com
December 21, 2018
Since October The Fed’s Jerome Powell has single-handedly dismantled the US economy.
The Trump tax cuts at year end 2017 set the economy on fire. The US stock markets set numerous records. So the Fed had to step in and kill the economy or, God forbid, Trump would get re-elected in 2020!
The Fed announced on Wednesday afternoon that they will increase rates again and will also increase rates next year. The Dow immediately dropped 720 points in 10 minutes. The DOW was down at one point by 894 points!
The Dow Jones has dropped nearly 4,000 points since the Fed’s Jerome Powell’s insidious comments in early October to guarantee interest rate increases from now till infinity.
The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.
$4 Trillion in Wealth has been erased!
Even CNBC’s Jim Cramer, who is no Trump supporter, is bewildered with the Fed’s move.
The Rest…HERE
