Wall Avenue Journal says Trump Is Laying the Groundwork to Blame Powell for Any Downturn

The WSJ’s By
Nick Timiraos with the article:

• Trump is signaling that he’ll blame the Federal Reserve for any financial weak spot that outcomes from his commerce conflict if the central financial institution doesn’t lower rates of interest quickly.
• Within the course of, he may additionally be searching for to delegitimize the traditionally unbiased establishment in a method that would undermine its effectiveness.

The Journal is gated, right here is the hyperlink when you can entry it.

This stems from Trump’s social media rant on Monday:

I’m extra inclined to view Trump’s phrases as attempting high strain the Fed, with the blame for the approaching recession a helpful by-product.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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