Ker-Powell! to the Liberal World Order
Authored by Michael Every of RaboResearch
President Trump just landed another comic-book punch on Fed Chair Powell: “”Preemptive Cuts” in Interest Rates are being called for by many…. there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already “lowered” seven times. Powell has always been “Too late”, except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?”
To be honest, Trump is saying many of the same things that many of those covering the Fed in markets are too - just far less politely; and very inappropriately in the eyes of those same commentators… because they are allowed to criticize an independent central bank and take market positions to bend it to their will, but politicians are obviously not. That’s part of the Liberal World Order (LWO).