July 16, 2024 at 10:07PM
Bloomberg have snagged the remarks from Trump, interview on Bloomberg TV:
Mr T says if he is elected President he would not be looking to remove Powell before Powell’s term end
says Trumponomics is low interest rates and tariffs
says the Fed should not cut rates prior to the election
***
Wow … I had what I thought was a tin-hat theory on why the Fed wouldn’t cut prior to the election:
why cut in September when they could cut on November 7 and provide a gift to the new guy
Looks like my tin hat was right!
This article was written by Eamonn Sheridan at www.forexlive.com.
Trump says he has no plans to fire Federal Reserve Chair Powell