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‘Crazy inverted yield curve’: Trump launches blistering attack on Fed chief Powell
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wtf ‘Crazy inverted yield curve’: Trump launches blistering attack on Fed chief Powell
Reacting to the stock market slide, US President Donald Trump has turned his Twitter guns on “clueless” Federal Reserve Chairman Jay Powell, blaming his refusal to cut interest rates for the “crazy” inverted yield curve of bonds.
Stocks plunged Wednesday on the news that the yields for 2-year US Treasury bonds have outpaced the 10-year ones, creating the “inverted yield curve” last seen in 2007 prior to the financial crisis. The worst trading day of 2019 quickly spawned the social media trend “Trump Recession.”

The president shot back via Twitter, blaming Powell for raising interest rates “too much and too fast” during his presidency, then being too slow to cut back.


Donald J. Trump

@realDonaldTrump
· 9h
We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut....

Donald J. Trump

@realDonaldTrump
..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!

https://www.rt.com/usa/466510-trump-clue...azy-yield/
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08-15-2019 09:52 AM
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RE: ‘Crazy inverted yield curve’: Trump launches blistering attack on Fed chief Powell
[Image: tumblr_m22uuvoac81r2kjx1.gif]
08-15-2019 09:52 AM
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RE: ‘Crazy inverted yield curve’: Trump launches blistering attack on Fed chief Powell
So is it the proof of senility we all look for?
08-16-2019 10:11 AM
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Absolute Crap Crap Reasonable Nice Amazing
 


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