Since Vince McMahon is good friends with President Donald Trump, and WrestleMania is right around the corner, the WWE should host a match between Trump and Federal Reserve Chair Jerome Powell in a no holds barred match. This would be the only way Trump could exact his revenge, since it’s impossible to fire the Fed Chair.
On Friday, President Trump sent out a scathing tweet direct to the United States central bank.
He reiterated about how rising interest rates are killing economic growth, adding that the gross domestic product (GDP) would be a lot higher if it weren’t for gradual normalization of monetary policy.
“Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0% GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!”
Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0% GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!
— Donald J. Trump (@realDonaldTrump) March 29, 2019
This comes one day after White House economic advisor Larry Kudlow encouraged the Fed to “immediately” slash interest rates by half a percentage point (SEE: Random Friday: Interest rates, school administrators, John Brennan). Fed nominee, Stephen Moore, has also reportedly support a half-point cut.
Credit to Trump and his administration, at least they’re transparent about the political relationship between the Eccles Building and the White House.
Leave a Comment