US stock markets took a significant hit on Monday following President Trump's harsh criticism of the Federal Reserve and its chairman, Jerome Powell. Trump labeled Powell as "a major loser" for not reducing interest rates and expressed that current economic conditions did not warrant the existing levels. His comments came as the Dow Jones dropped over 656 points, continuing a downward trend after a volatile week. Questions arose about the Fed's independence as discussions about Trump potentially firing Powell gained traction.
In a fiery Truth Social rant on Monday, Trump once again called for the Federal Reserve to slash interest rates immediately, taunting Powell with the nickname "Mr. Too Late."
With Energy Costs way down, food prices (including Biden's egg disaster!) substantially lower, and most other 'things' trending down, there is virtually No Inflation.
Collection
[
|
...
]