Here is the latest rant from the President following today’s jobs report:
Great jobs number just announced, breaking all estimates (except mine!)
by double and triple – And you haven’t seen anything yet! EMPLOYERS
ADDED 162,000 JOB IN AUGUST. Lower the interest rates because the U.S.A.
is a much stronger credit than it was just a short time ago! A STRONG
COUNTRY MEANS A LOWER INTEREST RATE – IT’S A BETTER CREDIT…Very simple!
We should have the LOWEST RATE of any country in the World, like “the
old days.” Without the United States agreeing to allow them their big
surpluses, and we could stop that immediately, they would no longer be
considered financially ELITE! LOWER THE RATE OR I’LL STOP TRADING WITH
COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in
its ridiculous and very costly Tariff decision, strongly acknowledged
“the President” has an absolute right to do. ITS BETTER THAN TARIFFS!
The Fed Board, with its great new leader, must get smart – BE PATRIOTS
for a change. High interest rates put the U.S.A. at a very unfair
disadvantage, and I won’t allow that to happen! President DONALD J.
TRUMP
I don’t even know where to start with this nonsense.
Time will tell if the Fed is willing to hike rates or face whatever Trump is rambling about. In any case, the market is seeing the data is less-hawkish than initially as the US dollar has given back most of its gains.
This article was written by Adam Button at investinglive.com.