President Trump slammed the failed Federal Reserve Chair Jerome Powell on Thursday after Powell hinted at delaying interest rate cuts.
President Trump slammed Powell on TRUTH Social following Powell’s latest mistake that will once again punish America’s working class.
Trump is now openly calling for Powell’s termination before he does any more damage to the lives of tens of millions of American workers.
President Trump: The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!
President Trump is right. Jerome Powell is a disaster. The only question is whether this is intentional or if he is just that inept.
Looking back to Trump’s first term, the US economy and markets hit several historic records in 2018. President Trump was correct in his policy, and the economy had never been stronger.
Then, in October, Federal Reserve Chairman Jerome Powell stepped in and destroyed the outstanding gains.
The market tanked, the Dow Jones dropped over 5,000 points, the Middle Class was decimated and the global markets were in chaos. Jerome Powell’s stock market crash was GREATER THAN the market crash after 9-11. The guy is a dangerous lunatic.
The Dow sank 5,036 in December 2019 from its all-time high on October 3, 2018.
Jerome Powell’s comments on October 3rd and continuing promises of rate hikes caused the Dow Jones sank 18.7%.
The Dow is down over 5,000 points or 18%!
The stock market crashed 14% after the 9-11 Islamic attacks on America.
The DOW reached another all-time high on October 3, 2018 reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.
Over $5 Trillion in Wealth was erased!
As a result of Fed Chief Powell’s actions, Americans watched their 401k’s dissolve into thin air.
The Powell Stock Market Crash was greater than the 9-11 Attack Stock Market Crash!
In Trump’s first term, Jerome Powell added billions of new debt to the US economy.
He stalled the Trump market surge.
He decimated 401k’s.
He eliminated trillions of dollars in wealth.
And he also managed to bring the economy to a halt.
The GDP number did not hit 3.0%
Jerome Powell has a long history of failure and terrible calls that resulted in average Americans losing money and suffering due to his mistakes.
Jerome Powell is a dangerous lunatic and screwed this president and the American people.
Get rid of this clown.
The post Trump Is Right: Fed Chair Jerome Powell Is a Complete Disaster and Caused Extreme Suffering on the US Middle Class appeared first on The Gateway Pundit.