Federal Reserve Chairman Jerome Powell has seemingly bowed to President Donald Trump on every front: he halted interest rate increases, he stopped shrinking its asset portfolio.
But, per the Wall Street Journal, it’s still not enough.
Trump has verbally pistol-whipped Powell three times last week, blaming him for the rising deficit and falling stocks.
“Mnuchin gave me this guy,” Trump reportedly complained, blaming his Treasury secretary.
Trump seems to be being pretty blunt with how he feels to his much-maligned Fed chair’s face (or voice) as well.
“I guess I’m stuck with you,” he said on a recent phone call.
It’s just like in the movie Brokebank Mountin’ (debts).
He just can’t a quit him.
‘I Guess I’m Stuck With You’
“I guess I’m stuck with you” – the oranges of Trump’s future excuse-making when the economy tanks.
Its all fun and games… until monetary policy becomes politicized.
Forget investigations and impeachment - the economy is the only thing that will convince the GOP to budge on Trump. And manipulating monetary policy… is not wise.