Trump says he might sue Fed Chair Jerome Powell for 'gross incompetence'

[progree]

3. Here's Trump's proposed Fed policy, showing what a total ignoramus and moron he is

Last edited Tue Dec 30, 2025, 06:32 AM - Edit history (1)

https://finance.yahoo.com/news/fed-chair-lower-rates-market-183423701.html
No paywall on this Yahoo - hosted article

Fed Should Lower Rates If the Market Does Well, Trump Says, Bloomberg, 12/23/25

“I want my new Fed Chairman to lower Interest Rates if the Market is doing well, not destroy the Market for no reason whatsoever,” Trump said in a social media post Tuesday. “Anybody that disagrees with me will never be the Fed Chairman!”

“In the old days, when there was good news, the Market went up,” Trump wrote. “Nowadays, when there is good news, the Market goes down, because everybody thinks that Interest Rates will be immediately lifted to take care of ‘potential’ Inflation.”

(bolding added)

Fact check about the last sentence: There have been no rate increases in 2025, instead there have been 3 rate cuts, beginning with the one 9/17.

And there have been 4 rate cuts in the latter half of 2024, including one that was 0.50% instead of the usual 0.25%.

There have been no rate increases since July 2023, 2 1/2 years ago

And the market has been hardly "destroyed" by "too late Jerome Powell" - the S&P 500 hit a new all-time-high December 24.
https://www.democraticunderground.com/111699775