Trump Slams “Pathetic, Slow” Fed As Democrats Take Lead In 2020 Election Odds

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Trump Slams “Pathetic, Slow” Fed As Democrats Take Lead In 2020 Election Odds

It would appear that two things have sparked fear in President Trump’s heart this morning:

1) The prediction markets are now betting on a Democrat win in November…

2) And Trump knows that any meaningful fiscal policy juice to rescue stocks (oh yeah and the economy) will take weeks if not months if ever to achieve (and as we noted previously, may corner Trump into rolling back his corporate tax cuts for funding and thus hurt the markets further).

Both of which are hurting stocks… and thus Trump’s odds of a win.

Which is why he has fallen back on The Fed to save the world this morning with two ‘aggressive’ tweets, slamming Powell and his pals…

Our pathetic, slow moving Federal Reserve, headed by Jay Powell, who raised rates too fast and lowered too late, should get our Fed Rate down to the levels of our competitor nations.

They now have as much as a two point advantage, with even bigger currency help. Also, stimulate!

The Federal Reserve must be a leader, not a very late follower, which it has been!

However, Trump is not alone in demanding more drastic actions – the market is screaming for 3 more rate-cuts next week when The Fed meets…

Will The Fed deliver? It would certainly be extremely unusual for The Fed to disappoint markets at this level of extreme… or to launch a huge jawbone program to ratchet down market’s expectations.

Tyler Durden

Tue, 03/10/2020 – 10:13

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