Author: Mark DeCambre / Source: MarketWatch
‘I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s.
Feel the market, don’t just go by meaningless numbers. Good luck!’
Read the room!
That is what President Donald Trump is imploring the Federal Reserve to do after the Dow Jones Industrial Average slumped more than 1,000 points over the past two sessions.
The 45th president’s second Fed-directed tweet in two days comes just as the Jerome Powell-led central bank is preparing to commence its last — and arguably most important — rate-setting gathering of 2018.
I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!
— Donald J. Trump (@realDonaldTrump)
Trump’s Tuesday tweet references an opinion piece by The Wall Street Journal’s editorial board that encourages monetary policy makers to pause amid a litany of apparent signs that its efforts to normalize interest rates from crisis-era levels are being felt far and wide.
On Monday, the Dow Jones Industrial Average
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