This morning was quite a Presidential Tweetstorm about the Fed.
So there are a few things about this that I find odd.
First is the complaint about “quantitative tightening” which is in reality the winding down of the various rounds of QE after the 2008 kerfuffle. It is really an antithesis of the normal conservative complaint about the FED printing money and debasing the currency.
The second is the complaint about the interest rate. We are currently at 2.5% interest. That is still really low.
Is the economy so bad that it can’t sustain a 2.5% borrowing rate?
What do you think the President wants out of the Fed? I am not quite sure what the President’s end game is here other than to