Socio-Economics History Blog

Socio-Economics History Blog

President Trump Demands Powell Fed Cut Rates 100 Basis Points ASAP Plus Restart QE, USD Too Strong?

by mosesman

  • WallStForMainSt Streamed live 4 hours ago
    Earlier today President Trump Tweeted (again) demanding 100 basis point rate cuts ASAP and also QE. Trump was also complaining about the relative strength of the US Dollar. The Trade Weighted Dollar Index (US Dollar measured against 26+ other currencies) just hit an all time high of 129.9088 and may be about to rip even higher!
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    Follow the Trade Weighted US Dollar Index Here:
    https://fred.stlouisfed.org/series/TWEXB
    Trump Cites Powell’s “Lack of Vision” Seeks 100 Basis Point Rate Cut and QE
    https://moneymaven.io/mishtalk/econom…
    Aussie Reserve Bank, Considering “Extreme Measures”, Admits “We’re Almost Out Of Ammo”
    https://www.zerohedge.com/news/2019-0…

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