Top US economist Stephen Moore told Bulls and Bears on Tuesday the officials at the Federal Reserve should all be fired for economic malpractice.
The Fed will make their announcement on Wednesday.
Stephen Moore: The Fed has been way too tight. They made a major blunder three months ago with raising the rates. It’s caused a deflation in commodity prices. And I will say this, David, if the Fed raises interest rates tomorrow they should all be fired for economic malpractice.
Stephen Moore is right.
The Fed is clearly a political machine not working in the interest of President Trump or the American people. As a result of Fed policies Americans are being bound with massive interest payments on Obama debt for years to come.
The Dow Jones shrank by 3,200 points since the Fed’s Jerome Powell’s insidious comments in early October to continue to increase interest rates.
The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.
On Monday after the president’s tweet the Fed announced it would likely raise rates — The Dow immediately dropped another 507 points.
1/8th of the US economy is gone thanks to the Federal Reserve.
$4 Trillion in Wealth has been erased!
If they Fed raises rates on Wednesday they should all be fired.
Via Bulls and Bears:
