Quote: Cincinnatus wrote in post #1

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Zitat

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WASHINGTON — President Donald Trump says he thinks the Federal Reserve’s policies are a greater threat to U.S. economic growth than a burgeoning trade war with China.

Trump told The Washington Post on Tuesday: “I think the Fed is a much bigger problem than China.”

Trump adds that he is “not even a little bit happy” with Fed Chairman Jay Powell, whom he selected last year.

The Fed has raised interest rates steadily under Powell’s leadership as the central bank has tried to balance promoting maximum employment with controlling inflation. Those decisions have drawn rebukes from Trump, who wants the Fed to focus on economic growth.

Trump says: “They’re making a mistake because I have a gut, and my gut tells me more sometimes than anybody else’s brain can ever tell me.”

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http://time.com/5465212/trump-federal-re...HwD2vVABEw9HKLk

The President is quite correct about the Fed though this article from Time has the usual snotty elitist tone one finds in the MSM when it comes to Trump, plus it provides no reason why the President opposes the Fed.

Myfavorite story about the Fed is how it was ostensibly founded to prevent the currency fluctuations resulting from the Panic of 1907. Then came 1929. Did a great job, huh?

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And an even better job on the value of the dollar in real terms:

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