It looks like President Trump wants to help me with my forecast.
He told The Wall Street Journal yesterday:
I do like low interest rates. I mean, you know, I’m not making that a big secret. I think low interest rates are good. I like a dollar that’s not too strong. I mean, I’ve seen strong dollars. And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar. …
He also said he might reappoint Janet Yellen at the Fed, her term expires January 31, 2018 or he may go with another strong dollar hater Gary Cohn:
PRESIDENT TRUMP: I would say yes, she is in the running to stay.
WSJ: Is Gary [Cohn] a candidate? (Laughter.)
PRESIDENT TRUMP: He doesn’t know this, but yes, he is. (Laughter.)
WSJ: Are there other candidates?
PRESIDENT TRUMP: I actually think he likes what he’s doing right now.
WSJ: That’s what he tells us.
PRESIDENT TRUMP: Don’t tell Gary what I just said.
WSJ: Are there other candidates?
PRESIDENT TRUMP: Yeah, there are two or three. But she is – she is in the running, absolutely. I like her. I like her demeanor. I think she’s done a good job. I’d like to see rates stay low. She’s always been – you know, she’s historically been a low-interest-rate person, a believer.
WSJ: Do you have a time frame for announcing a decision?
PRESIDENT TRUMP: I would say sometime by the end of year, probably.-RW
Oh yea. I totally love when my store of wealth buys less and less ACTUAL STUFF around the world. That's just swell.
ReplyDelete--- And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar. ---
ReplyDeleteLots and lots of baaaad things! Lotsa!
That's the level of economic sophistication the orange man and heeo of Trumpistas holds.
What a buffoon.
Audit those criminals and let the American people see the truth. And then end the fee.
ReplyDelete