Pres. Trump is starting his day by saying:
- If the Fed would lower rates we would be buying that for a lot less
- Powell probably will not cut rates today.
- Powell has done a poor job.
- We should be two points lower (assume means 2% lower).
- Am going to go very short term, get rates way down and then go long term (he is implying debt issuance)
- Would save $600 to $800 million dollars
Although Trump has threatened to fire Feds Powell, he is likely to have him finish his term as the Fed Chair (ends May 2026) and pre-announce his successor.
On Iran:
- Can’t say whether US will strike Iran.
- Iran has a lot of trouble.
- Should have negotiated
This article was written by Greg Michalowski at www.forexlive.com.
