Trump - Dumb Luck or A Master Manipulator?
Nov. 7, 2019 4:42 pm
By Thom Hartmann A...
Either it's an act of a master manipulator, or he has the best luck there is. Donald Trump wanted the Fed to lower interest rates, knowing that that would provide a solid and multi-year boost to the economy. But when Trump came into office, rates were already low and the Fed was not inclined to help. Then he declared a trade war with China, which softened the economy, but also forced the Fed to lower interest rates. Having gotten his lower interest rates and a boosted economy, Trump is now, just in time for the election, negotiating an end to his trade war which will double goose the economy. If all this was a planned manipulation of chairman Jay Powell of the Federal Reserve, it was evil genius. Odds are greater, though, that it was just dumb luck.