Post by account_disabled on Mar 9, 2024 1:35:44 GMT -7
Fed experiments as White House returns to strong dollar policy The relationship between the White House and the Fed has shown once again that words are silver and silence is gold. Unlike Donald Trump, who the more he talks, the less people trust him, trust in the Fed chairman has grown to its highest point since 2004, when Alan Greenspan was at the helm. 58% of Gallup respondents believe Jerome Powell will do something that will be beneficial to the economy. Interestingly, the lowest rating was that of Janet Yellen, who just took over as head of the central bank in 2014. And I understand that: the inner world of men is more complex, while that of women is more unpredictable. Donald Trump has changed a lot while ruling the country. Previously, he actively criticized the Fed chairman for extremely high interest rates, compared to other states, or for the lack of will to revive QE. Like a true friend, he whispered in Powell's ear: write, call, when you have money, visit me! - Mr. President, judging by your statements, you understand that true friends do not grow on trees. - You never know.
It must be admitted that Jerome Powell gave the owner of the White House everything he could. And the federal funds rate was cut to almost zero, and he promised to buy unlimited amounts of Treasury and mortgage Paraguay Mobile Number List bonds. No one is calling the Fed anything other than "good fool" and "broker under the rake" these days. There are no reasons for criticism, so it's time to turn to other problems and scapegoats. For example, negative oil prices or China. Donald Trump previously claimed that low energy resource prices were a blessing for the US economy. But not so low! - How much does oil cost? - It's free! - Why so expensive?! Amid the sharp collapse in oil demand and social isolation, record oil production in the United States led to storage shortages, a drop in oil prices to -37 USD per barrel and the intention to end the quarantine. Get grandpa out of the bunker, it's time to fill it with oil! The US president can't sleep well, thinking that China will stop the recession faster.
He used to attack Beijing because his predecessors turned a blind eye to China's dishonest trade. Now is the time to find out who is to blame for the pandemic. The virus came from Asia, and Donald Trump is trying to make everyone understand what the Great Wall of China was built for. Apparently, there have been unpleasant precedents... LiteFinance: Confidence in the Fed is growing | Litefinance Trump has radically changed his views. The best example is his new attitude towards the US dollar. Before he stated that a strong currency is bad, now he thinks just the opposite...he would say that the strong position of the dollar makes "everyone want to invest in our country" because "people are looking for security in our country." At the same time, new loans involve almost no difficulties, since debt service costs are low. Despite all these changes, Trump remains active. So we can't say that people are washing their hands during the pandemic while Trump is washing his hands of the pandemic.
It must be admitted that Jerome Powell gave the owner of the White House everything he could. And the federal funds rate was cut to almost zero, and he promised to buy unlimited amounts of Treasury and mortgage Paraguay Mobile Number List bonds. No one is calling the Fed anything other than "good fool" and "broker under the rake" these days. There are no reasons for criticism, so it's time to turn to other problems and scapegoats. For example, negative oil prices or China. Donald Trump previously claimed that low energy resource prices were a blessing for the US economy. But not so low! - How much does oil cost? - It's free! - Why so expensive?! Amid the sharp collapse in oil demand and social isolation, record oil production in the United States led to storage shortages, a drop in oil prices to -37 USD per barrel and the intention to end the quarantine. Get grandpa out of the bunker, it's time to fill it with oil! The US president can't sleep well, thinking that China will stop the recession faster.
He used to attack Beijing because his predecessors turned a blind eye to China's dishonest trade. Now is the time to find out who is to blame for the pandemic. The virus came from Asia, and Donald Trump is trying to make everyone understand what the Great Wall of China was built for. Apparently, there have been unpleasant precedents... LiteFinance: Confidence in the Fed is growing | Litefinance Trump has radically changed his views. The best example is his new attitude towards the US dollar. Before he stated that a strong currency is bad, now he thinks just the opposite...he would say that the strong position of the dollar makes "everyone want to invest in our country" because "people are looking for security in our country." At the same time, new loans involve almost no difficulties, since debt service costs are low. Despite all these changes, Trump remains active. So we can't say that people are washing their hands during the pandemic while Trump is washing his hands of the pandemic.