Author: The Washington Post / Source: The Mercury News
By JM Rieger | The Washington Post
As stocks headed for their worst December since 1931 this month, President Donald Trump did what President Donald Trump often does: turned to Twitter to vent.
“The only problem our economy has is the Fed,” Trump tweeted as markets experienced their worst Christmas Eve in decades.
“The Fed is like a powerful golfer who can’t score because he has no touch — he can’t putt!” Get the Morning Report newsletterStart your weekday with all the news you need, from the Bay and beyond Sign Up! By signing up, you agree to our privacy policy and terms of service. |
Perhaps more than any of his predecessors, Trump has tethered the success of his presidency to the stock market. With markets down for the year, Trump has turned his ire to what he believes is causing the market downturn: the four Federal Reserve rate hikes in 2018.
Ironically, Trump is blaming the man he appointed less than a year ago for the hikes (even while claiming he is not blaming him). And perhaps even more ironic is…
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