FAST FIVE: It's Official: Trump Makes First Demand For Fed To Restart QE, Urges 100bps Rate Cut
Our dollar is so strong that it is sadly hurting other parts of the world…” And for the first time, Trump also called for more QE.
“The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well.
while the stock market hit new intraday highs.
and the 2nd biggest short-squeeze of the year did not hurt either: Certainly piling more pressure on Powell to offer up any number of momentum igniting strawmen at this week's Jackson Hole speech.
Which is amusing considering that not that long ago, the same Trump warned that the Fed's reckless policies need to be stopped or “we will face record inflation”.