Two financial experts on Fox News couldn’t figure out why President Donald Trump was lashing out at the Federal Reserve chairman on Friday.
Trump has continually berated Federal Reserve chairman Jerome Powell, who the president nominated in 2017. Trump believes that Powell should not have raised interest rates and has not moved quickly enough to cut them.
On Friday, Trump questioned whether Powell was a “bigger enemy” to the United States than Chinese President Xi Jinping. Trump’s attacks came shortly after Powell delivered a speech in Jackson Hole, Wyoming.
“Can I start with this idea? When Chairman Powell was talking, we were getting [his] remarks, the market was actually going up. It sounded to me… that [Powell] was being accommodating. You know?” remarked Fox News host Melissa Francis, who is also a host for the Fox Business Network
“I think, as you rightly point out, yes, I think that’s how most investors took those comments,” replied Fox Business host Deirdre Bolton. “The Fed chair was not going to announce a rate cut right there from Jackson Hole, Wyoming, but he was doing his best to telegraph in his own way that cuts would be coming.”
“We know from what investors expect, almost 100% of the market participants expect a 25-basis point cut in September,” Bolton continued. “I feel like President Trump just grabbed the mic, essentially, virtually, from the Fed chairman. And you read that tweet, of course, that was very highly critical of the Fed… I feel like President Trump just took over that narrative and then pushed as far as possible, really, against China and we see of course the market reaction.”
Francis later added that Trump had attacked Powell “when it seems like Powell was already on his side.”
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Trump’s big-money Florida fundraiser expected to bring in $10 million — from only 100 people
President Donald Trump flew to Mar-a-Lago on Friday after receiving a formal summons from the U.S. Senate informing him of his impeachment trial.
The president will be attending a Friday evening campaign fundraiser.
The recipient of the money is Trump Victory, which is a joint fundraising committee set up by Donald J. Trump for President, Inc. and the Republican National Committee.
“Tonight’s Trump Victory fundraiser is expected to raise $10 million with approximately 100 people in attendance," the campaign told the White House pool reporter.
Lev Parnas has Trump ‘unnerved’: ex-FBI official says the president doesn’t know what he ‘has up his sleeve’
President Donald Trump is "very nervous" about what Lev Parnas may have on him, a former top FBI official suggested on MSNBC on Friday.
Former FBI Assistant Director for Counterintelligence was interviewed by MSNBC's Peter Alexander.
The host played clips of Trump denying any relationship with Parnas.
"Well, I don't know him, I don't know Lev Parnas, other than I guess I had pictures taken -- which I do with thousands of people," Trump argued. "I don't know him at all, don't know what he's about, don't where he comes from. I can tell you this -- I don't know him. I don't believe I've ever spoken to him. I don't believe I've ever spoken to him."
Trump is now feuding with Iran’s Supreme Leader on Twitter: ‘Make Iran Great Again!’
President Donald Trump is now replying directly to Iran Supreme Leader Ayatollah Ali Khamenei on Twitter.
I Friday, Khamenei tweeted a screenshot of a Trump tweet, with a message of his own.
"The villainous US govt repeatedly says that they are standing by the Iranian ppl. They lie. If you are standing by the Iranian ppl, it is only to stab them in the heart with your venomous daggers," Khamenei posted.
"Of course, you have so far failed to do so, & you will certainly continue to fail," he added.
Trump retweeted the message, adding his own argument.