President Trump just had a White House meeting with the Fed Chair. Fed statement afterward...

[demmiblue]

President Trump just had a White House meeting with the Fed Chair.

Fed statement afterward emphasizes monetary policy set "solely on careful, objective and non-political analysis."

Link to tweet

What is Trump up to now?

[Turbineguy]

1. Trump trying to do a re-fi

before making a run for it.

[MFGsunny]

7. This is my educated guess as well! MF45 has OBSESSED over cutting interest rates.

Since he gives ZERO "fox" about the effect of it all on any of us,
his abject corruption is STILL all (and only) about HIS venal interests.

[Wellstone ruled]

12. Yupper,

looking like a "Captain Obvious" moment once again. All those 3 year and 5 year Balloon Deals are about to bust.

[mucifer]

2. trying to look presidential and then brag about the economy

[Srkdqltr]

3. What does that mean in real words?

[Mike 03]

4. No clue what he's up to.

I hope he's not trying to pressure Powell to make more rate cuts than economic circumstances justify.

[gratuitous]

5. Policy based on information and real world conditions?

What kind of cockamamie scheme is that?! Don't they know that the Fed should set policy to Trump's personal whim and satisfaction, subject to change at a tweet's notice? Crank up the outrage, Fox. Trump is counting on you!

[demmiblue]

6. The Twit tweets: Just finished a very good & cordial meeting at the White House with Jay Powell...

Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc.

Link to tweet

[global1]

10. Everything Around Trump Is Crumbling - He Needs Something To....

crow about for his campaign. He needs the economy to hang in there until Nov 2020. I'm thinking he will do anything to keep the pressure up on the Fed to prevent the economy from tanking before the election.

[RichardRay]

15. Negative interest rates?Holy crap!

I think monetary policy is covered in most Intro to Macroeconomics courses.

[malaise]

8. More than likely the ignoramus was threatening the

Fed Chair.
Love how quickly they put out their release.

[NightWatcher]

9. He's trying to manipulate monetary policy (rates) to make himself look better.

He's trying to make it look like he has a strong economy by changing rates based solely on his political desires instead of reflecting the status of the economy.

Just more manipulating and conning.

[pandr32]

11. Yup

[avlbeerfan]

13. TBTF bank in trouble

Ever since Sept. the Fed has been printing money again hand over fist.
Word in the financials world is a Too big to fail bank has blown up it`s balance sheet again just like 2008.
All this does is cause inflation in consumer prices like food thats not counted in the price index.
As sitting president he has to be informed.

[Turbineguy]

16. The Fed's been buying

treasuries. $60 Billion per month.

Trump's comment:
"Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc."

So you're likely right. There's trouble on the horizon.

[jcgoldie]

14. If he wants him to cut rates then this puts Powell in a pretty awkward position

Now if he does cut rates there's no way it doesn't look political.