Trump Slams Fed On Eve Of Rate Decision: “Incredible” Fed Hiking With “World Blowing Up” – 12.17.2018

  • On the eve of Wednesday’s Fed decision, President Trump is once again bashing the Federal Reserve over its plans to raise interest rates at a time when markets are already in chaos and the “world is blowing up” thanks in part to the central bank’s “double-barreled blitz” of higher rates and tighter liquidity.
  • But instead of insinuating that Fed Chairman Jerome Powell is trying to undermine the administration, the president ticked off a reasonable list of factors that should give a truly “data-dependent” Fed reason to reconsider.
  • Instead of moving ahead with more rate hikes, Trump said the Fed should “Take the Victory!” Trump said.

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Source: zerohedge.com