This is Not Normal: Prznint Stupid Attacks Federal Reserve

The movers and the shakers in the White House

It was only a matter of time, I suppose, before Comrade Stupid decided to attack Jerome Powell, the Fed Chairman, you know, if nothing else than for the sake of form.

As many economists observed, the Billions for Billionaires Bill was going to stimulate the already booming economy and ultimately lead towards inflation, and one of the Fed’s bi-polar charter is that it must stop inflation at all costs (the other is that it must increase employment, so very schizophrenic). Powell is by law doing just that, and raised the interest rates accordingly, and Comrade Trump went full balls-out hammer-down mad-monkey terror dome crazy and attacked the Fed.

This is not normal:

Axios’ morning email thingie tells us:

The trade war between the U.S. and other countries is shifting into a currency war. This is the second time this week Trump has roiled currency markets with comments about Fed policy. The dollar fell shortly after Trump’s tweets.

CNBC reports:

“In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank could disrupt the economic recovery.

“I’m not thrilled,” he told CNBC’s Joe Kernen in an interview to air in full Friday starting at 6 A.M. ET on Squawk Box. “Because we go up and every time you go up they want to raise rates again. I don’t really—I am not happy about it. But at the same time I’m letting them do what they feel is best. But I don’t like all of this work that goes into doing what we’re doing.”

And so some poor bastard in the White House who was on babysitting duty had to instantly respond:

The “Ok” makes it art.

The Federal Reserve is allegedly an independent agency, but we’re waiting for Comrade Stupid to call Powell into an intimate dinner and demand a Comey-like loyalty oath any day now.

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9 Responses to This is Not Normal: Prznint Stupid Attacks Federal Reserve

  1. RWW says:

    “Recapture what was lost…”? WTF does that even mean? That’s an even stupider concept than seizing Iraq’s oil fields. We’ve known for months/years that the Fed would eventually sustain an upward trajectory on interest rates after a long period of historic lows. Trump appointed Powell himself only a few weeks ago, and this is how he reacts to own appointee doing what everyone knows would be done. Trump’s “hard work” ripping up agreements and starting trade wars will cause many consequences of both foreseen and unforeseen varieties, and this wasn’t even one of those. Dog help us.

    Liked by 3 people

  2. WTF does he even mean “Debt coming due”??? Does he not understand how T-Bills work???

    I know the trumpanzees of dumbfuckistan don’t.

    Like

  3. Big Bad Bald Bastard says:

    By the time Dotard is done, the Yankee dollar won’t be the world’s reserve currency anymore.

    Liked by 2 people

  4. purplehead says:

    …TRUMP ISN’T INTERFERFERING WITH FED DECISIONS
    because he’s had too much covfefe. He’s got to cut back. Maybe that would helfefe.

    Liked by 1 person

  5. FelineMama says:

    “This is NOT normal”? We are talking about the last remaining Dodo in existence. The illegitimate potus. Unfortunately, quite normal.

    Like

  6. Osirisopto says:

    The king of debt is not happy about interest rates going up?

    Cry me a fugging river.

    Like

  7. Pingback: This Is Not Normal: President Stupid Attacks Federal Reserve – Liberal View News

  8. MDavis says:

    If Powell does get called in for a private meeting with Trump, I sincerely hope that he and Mueller have arranged for him to be wired.
    Then there will be tapes.

    Like

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