Dow can be 10,000 points higher if not for the Fed: Trump

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On Sunday, Donald Trump again wagged his finger at the Federal Reserve and tell reporters that the Dow can be ‘5,000 to 10,000 points higher’ if persons at the central bank know what they were doing.

By referring to the decision of Fed to start reversing the incentive it put in place after the 2008 monetary crisis he said, ‘If the Fed knew what it was doing, then they would lower the charges and they would stop quantitative tightening’. 

On a late Sunday afternoon, Trump chatted briefly with the journalists before boarding Air Force One back to Washington. 

Trump stated in a Tweet that, ‘low inflation, strong jobs report and other nations all across the world doing anything possible to take benefit of the U.S. knowing that our Federal Reserve doesn’t have an indication.’ ‘They raised rates very rapidly, too often and tightened, while others did just the contradictory’. 

He further added, ‘We are doing well from the day after the great Election when the market shot right up, it can have been even good, huge additional capital would have been created and used very well too.’ ‘For us the most complex problem is the Federal Reserve, not our competitors!’

In New York, on Sunday in a radio show ‘The Cats Roundtable’ on AM 970, Moore gave Shelton high marks during an appearance. She is one of the experts in the world on monetary policy. Moore said, that she thinks like the president does- that the Fed has been method too tight.’ 

 

Jerome Powell, the chairman of the Federal Reserve, was nominated to the position in the year 2017 by Trump.

 

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